v3.26.1
Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)
$ in Millions
Common Stock [Member]
Common Class A [Member]
Restricted Stock [Member]
Common Stock [Member]
Common Class A [Member]
Restricted Stock Units (RSUs) [Member]
Common Stock [Member]
Common Class A [Member]
Common Stock [Member]
Restricted Stock [Member]
Common Stock [Member]
Restricted Stock Units (RSUs) [Member]
Common Stock [Member]
Retained Earnings [Member]
Restricted Stock [Member]
Retained Earnings [Member]
Restricted Stock Units (RSUs) [Member]
Retained Earnings [Member]
Treasury Stock, Common [Member]
Common Class A [Member]
Restricted Stock [Member]
Treasury Stock, Common [Member]
Common Class A [Member]
Restricted Stock Units (RSUs) [Member]
Treasury Stock, Common [Member]
Common Class A [Member]
Treasury Stock, Common [Member]
Restricted Stock [Member]
Treasury Stock, Common [Member]
Restricted Stock Units (RSUs) [Member]
Treasury Stock, Common [Member]
AOCI Attributable to Parent [Member]
Restricted Stock [Member]
AOCI Attributable to Parent [Member]
Restricted Stock Units (RSUs) [Member]
AOCI Attributable to Parent [Member]
Restricted Stock [Member]
Restricted Stock Units (RSUs) [Member]
Total
Balance (in shares) at Dec. 31, 2024     11,237,386     111,166,022                              
Balance at Dec. 31, 2024     $ 57     $ 1,198     $ 1,375     $ (33)     $ (284)     $ (30)     $ 2,283
Balance (in shares) at Dec. 31, 2024                       (2,423,199)     (20,397,775)            
Net income (loss)     0     0     (9)     $ 0     $ 0     0     (9)
Preferred stock dividends     0     0     (13)     0     0     0     (13)
Common stock dividends     0     0     (8)     0     0     0     (8)
Adjustment to fair value of interest rate cap, net of income tax     0     0     0     0     0     (1)     (1)
Restricted stock awards (in shares) 961,422 0   1,105,758 1,163,515         (189,201) 0   (372,670) (377,291)              
Restricted stock awards $ 0 $ 0   $ 0 $ 0   $ 0 $ 0   $ (2) $ 0   $ (1) $ (2)   $ 0 $ 0   $ (3) $ (2)  
Stock-based compensation     $ 2     $ 5     0     0     0     0     7
Balance (in shares) at Mar. 31, 2025     12,198,808     113,435,295                              
Balance at Mar. 31, 2025     $ 59     $ 1,203     1,345     $ (35)     $ (287)     (31)     2,254
Balance (in shares) at Mar. 31, 2025                       (2,612,400)     (21,147,736)            
Balance (in shares) at Dec. 31, 2024     11,237,386     111,166,022                              
Balance at Dec. 31, 2024     $ 57     $ 1,198     1,375     $ (33)     $ (284)     (30)     2,283
Balance (in shares) at Dec. 31, 2024                       (2,423,199)     (20,397,775)            
Net income (loss)                                         (65)
Balance (in shares) at Jun. 30, 2025     12,198,808     113,779,383                              
Balance at Jun. 30, 2025     $ 62     $ 1,205     1,268     $ (35)     $ (288)     (31)     2,181
Balance (in shares) at Jun. 30, 2025                       (2,612,400)     (21,279,138)            
Balance (in shares) at Dec. 31, 2024     11,237,386     111,166,022                              
Balance at Dec. 31, 2024     $ 57     $ 1,198     1,375     $ (33)     $ (284)     (30)     2,283
Balance (in shares) at Dec. 31, 2024                       (2,423,199)     (20,397,775)            
Net income (loss)     0     0     (20)     $ 0     $ 0     0     (20)
Preferred stock dividends     0     0     (13)     0     0     0     (13)
Common stock dividends     0     0     (8)     0     0     0     (8)
Restricted stock awards (in shares) 779,527     1,262,667           (468,050)     (795,069)                
Restricted stock awards $ 0     $ 0     0     $ (5)     $ (4)     0     (9)    
Stock-based compensation     $ 4     $ 4     0     0     0     0     8
Balance (in shares) at Mar. 31, 2026     12,978,335     115,042,050                              
Balance at Mar. 31, 2026     $ 71     $ 1,214     1,164     $ (40)     $ (292)     (4)     2,113
Balance (in shares) at Mar. 31, 2026                       (3,109,028)     (22,129,468)            
Balance (in shares) at Mar. 31, 2025     12,198,808     113,435,295                              
Balance at Mar. 31, 2025     $ 59     $ 1,203     1,345     $ (35)     $ (287)     (31)     2,254
Balance (in shares) at Mar. 31, 2025                       (2,612,400)     (21,147,736)            
Net income (loss)     0     0     (56)     $ 0     $ 0     0     (56)
Preferred stock dividends     0     0     (13)     0     0     0     (13)
Common stock dividends     0     0     (8)     0     0     0     (8)
Restricted stock awards (in shares) 0     0           0     (1)                
Restricted stock awards       $ 344,088     0     $ 0     $ (131,402)     0     (1)    
Stock-based compensation     $ 3     $ 2     0     0     0     0     5
Balance (in shares) at Jun. 30, 2025     12,198,808     113,779,383                              
Balance at Jun. 30, 2025     $ 62     $ 1,205     1,268     $ (35)     $ (288)     (31)     2,181
Balance (in shares) at Jun. 30, 2025                       (2,612,400)     (21,279,138)            
Balance (in shares) at Dec. 31, 2025     12,198,808     113,779,383                              
Balance at Dec. 31, 2025     $ 67     $ 1,210     1,205     $ (35)     $ (288)     (4)     2,155
Balance (in shares) at Dec. 31, 2025                       (2,640,978)     (21,334,399)            
Net income (loss)                                         (6)
Balance (in shares) at Jun. 30, 2026     12,978,335     115,287,978                              
Balance at Jun. 30, 2026     $ 72     $ 1,216     1,176     $ (40)     $ (292)     (4)     2,128
Balance (in shares) at Jun. 30, 2026                       (3,109,028)     (22,172,902)            
Balance (in shares) at Mar. 31, 2026     12,978,335     115,042,050                              
Balance at Mar. 31, 2026     $ 71     $ 1,214     1,164     $ (40)     $ (292)     (4)     2,113
Balance (in shares) at Mar. 31, 2026                       (3,109,028)     (22,129,468)            
Net income (loss)     0     0     14     $ 0     $ 0     0     14
Preferred stock dividends     0     0     (13)     0     0     0     (13)
Common stock dividends     0     0     (9)     0     0     0     (9)
Restricted stock awards (in shares)       245,928                 (43,434)                
Restricted stock awards $ 0     $ 0     $ 0     $ 0     $ 0     $ 0     $ 0    
Stock-based compensation     $ 1     $ 2     0     0     0     0     3
Balance (in shares) at Jun. 30, 2026     12,978,335     115,287,978                              
Balance at Jun. 30, 2026     $ 72     $ 1,216     1,176     $ (40)     $ (292)     (4)     2,128
Balance (in shares) at Jun. 30, 2026                       (3,109,028)     (22,172,902)            
Deemed contribution on repurchase of Series A Perpetual Preferred Stock (Note 7)     $ 0     $ 0     $ 20     $ 0     $ 0     $ 0     $ 20