Three Months Ended

Nine Months Ended

September 30,

(in millions)

2023

2022

2023

2022

Net earnings

$

2

$

2

$

70

$

19

Less: Series B Preferred stock cash dividends

(1

)

(1

)

(3

)

(3

)

Less: Series C Preferred stock in-kind dividends

(1

)

(2

)

(4

)

(4

)

Less: Preferred stock deemed dividends

—

(1

)

(1

)

Less: Earnings attributable to Series C Preferred shareholders

—

(8

)

(2

)

Net earnings (loss) available to common shareholders - basic

$

—

$

(1

)

$

54

$

9

Effect of dilutive securities:

Add back: Series B preferred stock cash and deemed dividends

$

—

$

—

$

4

$

—

Net earnings (loss) available to common shareholders - diluted

$

—

$

(1

)

$

58

$

9