Earnings per share

6 Months Ended

Jun. 30, 2020

Earnings per share

Earnings per share

15. EARNINGS PER SHARE

The following table includes the calculation of basic and diluted net income per common share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Income (loss) from continuing operations	$	—	$	139	$	(78)	$	71
Income from discontinued operations, net of tax		306		9		336		20
Net income	$	306	$	148	$	258	$	91
Weighted average number of common shares outstanding-basic		60.6		59.6		60.4		59.6
Weighted dilutive effect of equity awards		1.4		0.4		—		0.2
Weighted average number of common shares outstanding-diluted		62.0		60.0		60.4		59.8
Basic net income per common share:
Income (loss) from continuing operations	$	—	$	2.33	$	(1.29)	$	1.19
Income from discontinued operations, net of tax		5.05		0.15		5.56		0.34
Basic net income per common share	$	5.05	$	2.48	$	4.27	$	1.53
Diluted net income per common share:
Income (loss) from continuing operations	$	—	$	2.32	$	(1.29)	$	1.19
Income from discontinued operations, net of tax		4.94		0.15		5.56		0.33
Diluted net income per common share	$	4.94	$	2.47	$	4.27	$	1.52

For the three and six months ended June 30, 2020, approximately 3 million awards were excluded from the diluted weighted average number of ordinary common shares outstanding calculation because their effect would have been anti-dilutive.