Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

EPS for the periods were:

	Successor				Predecessor		Successor				Predecessor
	Three Months Ended June 30, 2024		May 18 through June 30, 2023		April 1 through May 17, 2023		Six Months Ended June 30, 2024		May 18 through June 30, 2023		January 1 through May 17, 2023
Numerator: (Millions of Dollars)
Net Income (Loss)	$	458	$	31	$	419	$	777	$	31	$	465
Less:
Net income (loss) attributable to noncontrolling interest	4		2		(12)		29		2		(14)
Net Income (Loss) Attributable to Stockholders (Successor) / Member (Predecessor)	$	454	$	29	$	431	$	748	$	29	$	479
Denominator: (Thousands)
Weighted-Average Number of Common Shares Outstanding - Basic	57,434		59,029		—		58,119		59,029		—
Warrants	268		32		—		234		32		—
Restricted stock units	332		28		—		262		28		—
Performance stock units	1,741		—		—		1,654		—		—
Weighted-Average Number of Common Shares Outstanding - Diluted	59,775		59,088		—		60,269		59,088		—
Earnings per Share - Basic	$	7.90	$	0.49	N/A		$	12.87	$	0.49	N/A
Earnings per Share - Diluted	7.60		0.49		N/A		12.41		0.49		N/A