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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Number of Shares of Common Stock Outstanding

Below is a reconciliation of the weighted average number of shares of common stock outstanding in calculating Diluted EPS (shares in thousands and dollars in millions, except per share amounts) for the periods presented:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

31

 

 

$

(40

)

 

$

(3

)

 

$

(120

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute Basic EPS

 

 

139,692

 

 

 

137,076

 

 

 

139,392

 

 

 

136,411

 

Weighted average effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1

 

 

 

—

 

 

 

—

 

 

 

—

 

RSUs/MSUs

 

 

1,129

 

 

 

—

 

 

 

—

 

 

 

—

 

2026 Senior Notes (Note 7)

 

 

4,674

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average shares used to compute Diluted EPS

 

 

145,496

 

 

 

137,076

 

 

 

139,392

 

 

 

136,411

 

Basic EPS

 

$

0.22

 

 

$

(0.29

)

 

$

(0.02

)

 

$

(0.88

)

Diluted EPS

 

$

0.21

 

 

$

(0.29

)

 

$

(0.02

)

 

$

(0.88

)