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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding, including the dilutive effect of outstanding share-based instruments such as employee stock awards and warrants.
(in millions, except per share amounts)
202420232022
Net income
$395 $235 $58 
Basic weighted average shares outstanding
126.136 127.375 126.657 
Dilutive effect of employee stock awards
1.886 0.967 0.783 
Dilutive effect of stock warrants
0.350 0.366 0.459 
Diluted weighted average shares outstanding
128.372 128.708 127.899 
Basic earnings per share
$3.13 $1.84 $0.46 
Diluted earnings per share
$3.08 $1.83 $0.45 
Antidilutive amounts excluded from calculation:
Employee stock awards
1.3 1.9 1.7 
Stock warrants
0.2 0.2 0.1