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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

(in millions, except per share amounts)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to the Company

 

$

2

 

 

$

445

 

 

$

209

 

 

$

981

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares

 

 

105.3

 

 

 

111.0

 

 

 

107.8

 

 

 

111.0

 

Effect of dilutive restricted stock units (“RSUs”)

 

 

0.2

 

 

 

0.4

 

 

 

0.3

 

 

 

0.3

 

Diluted weighted-average shares

 

 

105.5

 

 

 

111.4

 

 

 

108.1

 

 

 

111.3

 

Net income per share attributable to the Company’s
   stockholders (1)

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.02

 

 

$

4.01

 

 

$

1.94

 

 

$

8.84

 

Diluted

 

$

0.02

 

 

$

4.00

 

 

$

1.93

 

 

$

8.81

 

 

(1)
Net income per share may not recalculate due to rounding.