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Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings allocation method utilized in the calculation of basic and diluted EPS
The following illustrates the earnings allocation method utilized in the calculation of basic and diluted EPS:
 
Successor
Predecessor
 
Year Ended December 31, 2019
 
Year Ended December 31, 2018
 
April 2 through December 31, 2017
January 1 through April 1, 2017
 
(In millions, except per share amounts)
EPS numerator:
 
 
 
 
 
 

(Loss) income from continuing operations, net of income taxes
$
(188.3
)
 
$
645.7

 
$
713.1

$
(195.5
)
Less: Series A Convertible Preferred Stock dividends
—

 
102.5

 
179.5

—

Less: Net income attributable to noncontrolling interests
26.2

 
16.9

 
15.2

4.8

(Loss) income from continuing operations attributable to common stockholders, before allocation of earnings to participating securities
(214.5
)
 
526.3

 
518.4

(200.3
)
Less: Earnings allocated to participating securities
—

 
7.9

 
129.0

—

(Loss) income from continuing operations attributable to common stockholders, after allocation of earnings to participating securities (1)
(214.5
)
 
518.4

 
389.4

(200.3
)
Income (loss) from discontinued operations, net of income taxes
3.2

 
18.1

 
(19.8
)
(16.2
)
Less: Income (loss) from discontinued operations allocated to participating securities
—

 
0.3

 
(4.9
)
—

Income (loss) from discontinued operations attributable to common stockholders, after allocation of earnings to participating securities
3.2

 
17.8

 
(14.9
)
(16.2
)
Net (loss) income attributable to common stockholders, after allocation of earnings to participating securities (1)
$
(211.3
)
 
$
536.2

 
$
374.5

$
(216.5
)
 
 
 
 
 
 
 
EPS denominator:
 
 
 
 
 
 

Weighted average shares outstanding — basic
103.7

 
119.3

 
101.1

18.3

Impact of dilutive securities
—

 
1.7

 
1.4

—

Weighted average shares outstanding — diluted (2)
103.7

 
121.0

 
102.5

18.3

 
 
 
 
 
 
 
Basic EPS attributable to common stockholders:
 
 
 
 
 
 

(Loss) income from continuing operations
$
(2.07
)
 
$
4.35

 
$
3.85

$
(10.93
)
Income (loss) from discontinued operations
0.03

 
0.15

 
(0.15
)
(0.88
)
Net (loss) income attributable to common stockholders
$
(2.04
)
 
$
4.50

 
$
3.70

$
(11.81
)
 
 
 
 
 
 
 
Diluted EPS attributable to common stockholders:
 
 
 
 
 
 
(Loss) income from continuing operations
$
(2.07
)
 
$
4.28

 
$
3.81

$
(10.93
)
Income (loss) from discontinued operations
0.03

 
0.15

 
(0.14
)
(0.88
)
Net (loss) income attributable to common stockholders
$
(2.04
)
 
$
4.43

 
$
3.67

$
(11.81
)
(1) 
The reallocation adjustment for participating securities to arrive at the numerator to calculate diluted EPS was $0.1 million and $1.2 million for the year ended December 31, 2018 and the period April 2 through December 31, 2017, respectively.
(2) 
The two-class method assumes that participating securities are not exercised or converted. As such, weighted average diluted shares outstanding excluded 2.1 million shares and 33.5 million shares related to the participating securities for the year ended December 31,