Per Share Information

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Per Share Information

Per Share InformationBasic net income (loss), per common share, excludes dilution and is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. For the three months ended March 31, 2022 and 2021, diluted net income (loss), per common share, is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period, plus any potential dilutive common share equivalents, including shares issuable upon the vesting of restricted stock units as determined under the treasury stock method.

	Three Months Ended March 31,
	2022		2021
Income (loss) from continuing operations for basic and diluted computations	$	421	$	121
Income (loss) from discontinued operations, net of tax	—		(63)
Net income (loss)	$	421	$	58
Weighted-average number of common shares outstanding (in millions):
Basic weighted-average number of common stock outstanding	433		432
Effect of assumed dilution from potential issuance of common shares relating to restricted stock units	1		1
Diluted weighted-average number of common shares outstanding	434		433
Net income (loss), per common share:
Income (loss) from continuing operations, basic	$	0.97	$	0.28
Income (loss) from discontinued operations, basic	—		(0.15)
Net income (loss)—basic	$	0.97	$	0.13
Income (loss) from continuing operations, diluted	$	0.97	$	0.28
Income (loss) from discontinued operations, diluted	—		(0.15)
Net income (loss)—diluted	$	0.97	$	0.13
Dividends/distributions declared per share of common stock	$	1.47	$	1.33

During the three months ended March 31, 2022, the Company granted one million restricted stock units to the Company's executives and certain other employees pursuant to its 2013 Long-Term Incentive Plan.