v3.26.1
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following tables present the calculation of our basic and diluted earnings per share (“EPS”) and the corresponding weighted average shares outstanding referenced in these calculations:
Three Months Ended June 30,Six Months Ended June 30,
($ and shares outstanding in millions, except per share amounts)2026202520262025
Net income attributable to stockholders$12 $25 $78 $8 
Earnings per share(1)
Basic$0.15 $0.26 $0.97 $0.09 
Diluted$0.15 $0.25 $0.95 $0.08 
Basic weighted average shares outstanding
79.3 91.2 80.6 93.3 
RSUs(2), PSUs(3), Options(4) and ESPP
1.6 1.0 1.7 1.2 
Diluted weighted average shares outstanding
80.9 92.2 82.3 94.5 
(1)Earnings per share amounts are calculated using whole numbers.
(2) Excludes approximately 11,000 and 5,000 shares of RSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and six months ended June 30, 2026. Also excludes approximately 957,000 and 740,000 shares of RSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and six months ended June 30, 2025. These RSUs could potentially dilute EPS in the future.
(3) There were no shares of PSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and six months ended June 30, 2026. Also, excludes approximately 243,000 and 1,000 shares of PSUs that would have been anti-dilutive to EPS under the treasury stock method for the three and six months ended June 30, 2025. These PSUs could potentially dilute EPS in the future.
(4) Excludes approximately 428,000 and 567,000 shares of Options that would have been anti-dilutive to EPS under the treasury stock method for the three and six months ended June 30, 2026. Also excludes approximately 1,649,000 and 1,195,000 shares of Options that would have been anti-dilutive to EPS under the treasury stock method for the three and six months ended June 30, 2025. These Options could potentially dilute EPS in the future.
Share Repurchases
On July 29, 2025, our Board of Directors approved a share repurchase program authorizing us to repurchase up to an aggregate of $600 million of our outstanding shares of common stock over a two-year period (the “2025 Repurchase Plan”.
The following table summarizes stock repurchase activity under the current and previous share repurchase programs as of June 30, 2026:
(in millions)SharesCost
As of December 31, 2025
56 $2,149 
Repurchases6 300 
As of June 30, 2026
62 $2,449 
From July 1, 2026 through July 23, 2026, we repurchased approximately 0.5 million shares for $25 million. As of July 23, 2026, we had $103 million of remaining availability under the 2025 Repurchase Plan.