Earnings Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per ShareBasic earnings per share is calculated by dividing net income attributable to Visteon by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average number of common and potentially dilutive common shares outstanding. Performance based share units are considered contingently issuable shares, and are included in the computation of diluted earnings per share based on the number of shares that would be issuable if the reporting date were the end of the contingency period and if the result would be dilutive.

The table below provides details underlying the calculations of basic and diluted earnings per share:


	Three Months Ended June 30						Six Months Ended June 30
(In millions, except per share amounts)	2020		2019		2020		2019
Numerator:


Net income (loss) attributable to Visteon	$	(45)	$	7	$	(80)	$	21
Denominator:
Average common stock outstanding - basic	27.8		28.1		27.9		28.1
Dilutive effect of performance based share units and other	—		0.1		—		0.1
Diluted shares	27.8		28.2		27.9		28.2
Basic and Diluted Per Share Data:



Basic earnings (loss) per share attributable to Visteon	$	(1.62)	$	0.25	$	(2.87)	$	0.75




Diluted earnings (loss) per share attributable to Visteon:	$	(1.62)	$	0.25	$	(2.87)	$	0.74

Performance based share units of approximately 114,000 and 144,000 were excluded from the calculation of diluted loss per share because the effect of including them would have been anti-dilutive for the three and six months ended June 30, 2020, respectively.