Note 10 - Earnings Per Share

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 10.  Earnings per Share

Reconciliation of the numerators and denominators of the earnings per share calculations —

	2025			2024			2023
Net loss from continuing operations		(53	)		(342	)		(262	)
Less: Noncontrolling interests net income from continuing operations		17			21			22
Less: Redeemable noncontrolling interest net loss from continuing operations					(13	)		(12	)
Net loss from continuing operations attributable to the parent company		(70	)		(350	)		(272	)
Net income from discontinued operations		155			293			310
Net income (loss) attributable to the parent company	$	85		$	(57	)	$	38
Denominator:
Weighted-average common shares outstanding - Basic		133.7			145.2			144.4
Employee compensation-related shares, including stock options
Weighted-average common shares outstanding - Diluted		133.7			145.2			144.4

The share count for diluted earnings per share is computed on the basis of the weighted-average number of common shares outstanding plus the effects of dilutive common stock equivalents (CSEs) outstanding during the period. We excluded 0.1 million CSEs from the calculations of diluted earnings per share for the year 2023 as the effect of including them would have been anti-dilutive. In addition, we excluded CSEs that satisfied the definition of potentially dilutive shares of 1.8 million, 0.2 million, and 0.2 million for 2025, 2024, and 2023 as a result of the loss from continuing operations for these periods.