v3.24.3
Earnings per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
The computations of basic and diluted earnings per share are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in millions, shares in thousands, except per share data)2024202320242023
Net income (loss)$(243)$(1)$(265)$2 
Basic weighted-average common shares (1)
134,095 116,970 123,004 116,823 
Dilutive effect of stock-based awards— — — 2,593 
Diluted weighted-average common shares (1) (2)
134,095 116,970 123,004 119,415 
Basic earnings (loss) per share$(1.81)$(0.01)$(2.15)$0.02 
Diluted earnings (loss) per share$(1.81)$(0.01)$(2.15)$0.02 
Antidilutive shares excluded from diluted weighted-average common shares2,880 2,755 2,677 522 
(1)Of the 6,259,471 pre-funded warrants issued in the private placement, warrants to purchase 2,558,753 shares of common stock do not require stockholder approval. Therefore, basic and diluted weighted-average common shares include 2,558,753 pre-funded warrants from their August 13, 2024 issuance date, as the exercise price of $0.01 per share is not substantive.
(2)Amounts may not be additive due to rounding.