XML 28 R16.htm IDEA: XBRL DOCUMENT v3.25.3
EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2025
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.
Three Months Ended September 30,Nine Months Ended September 30,
(in millions, except per share amounts)
2025202420252024
Net income$73 $236 $79 $324 
Basic weighted average shares outstanding
115.287 126.189 119.061 126.165 
Dilutive effect of employee stock awards2.213 2.175 2.132 1.918 
Dilutive effect of stock warrants
 0.226  0.264 
Diluted weighted average shares outstanding
117.500 128.590 121.193 128.347 
Basic earnings per share$0.63 $1.87 $0.66 $2.57 
Diluted earnings per share$0.62 $1.84 $0.65 $2.52 
Antidilutive amounts excluded from calculation:
Employee stock awards and warrants1.0 1.7 1.3 2.3