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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 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:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss) used to compute Basic EPS

 

$

20

 

 

$

(148

)

 

$

(289

)

Interest expense on 2026 Senior Notes, net of tax

 

 

1

 

 

 

—

 

 

 

—

 

Net income (loss) used to compute Diluted EPS

 

$

21

 

 

$

(148

)

 

$

(289

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute Basic EPS

 

 

139,923

 

 

 

137,234

 

 

 

134,858

 

Weighted average effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options

 

 

4

 

 

 

—

 

 

 

—

 

RSUs/MSUs

 

 

1,069

 

 

 

—

 

 

 

—

 

2026 Senior Notes (Note 9)

 

 

4,674

 

 

 

—

 

 

 

—

 

Weighted average shares used to compute Diluted EPS

 

 

145,670

 

 

 

137,234

 

 

 

134,858

 

Basic EPS

 

$

0.14

 

 

$

(1.08

)

 

$

(2.14

)

Diluted EPS

 

$

0.14

 

 

$

(1.08

)

 

$

(2.14

)