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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE:
 
The following table reconciles income (numerator) and shares (denominator) used in our computations of basic and diluted earnings per share for the periods presented (in millions, except share amounts which are reflected in thousands):
 Three Months Ended 
 June 30,
Six Months Ended 
 June 30,
 2025202420252024
Income (Numerator)  
Net (loss) income$(62)$19 $(216)$44 
Net income attributable to the noncontrolling interests(2)(2)(4)(4)
Numerator for basic and diluted earnings per common share available to common shareholders$(64)$17 $(220)$40 
Shares (Denominator)  
Basic weighted-average common shares outstanding69,589 66,189 68,545 65,172 
Dilutive effect of stock-settled appreciation rights and outstanding stock options— — — 124 
Diluted weighted-average common and common equivalent shares outstanding69,589 66,189 68,545 65,296 

The following table shows the weighted-average stock-settled appreciation rights and outstanding stock options (in thousands) that are excluded from the calculation of diluted earnings per common share as the inclusion of such shares would be anti-dilutive:
 Three Months Ended 
 June 30,
Six Months Ended 
 June 30,
 2025202420252024
Weighted-average stock-settled appreciation rights and outstanding stock options excluded5,226 8,745 5,330 6,932