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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
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 used in calculating Diluted EPS for the periods presented:

 

 

Three months ended March 31,

 

 

 

2023

 

 

2022

 

 

 

(shares in thousands and dollars in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

(73

)

 

$

(34

)

Denominator:

 

 

 

 

 

 

Weighted average shares used to compute Basic EPS

 

 

141,451

 

 

 

139,092

 

Weighted average effect of dilutive securities:

 

 

 

 

 

 

Stock options

 

 

 

 

 

RSUs (including PSUs and MSUs)

 

 

 

 

 

2026 Senior Notes (Note 6)

 

 

 

 

 

Weighted average shares used to compute Diluted EPS

 

 

141,451

 

 

 

139,092

 

Basic EPS

 

$

(0.52

)

 

$

(0.24

)

Diluted EPS

 

$

(0.52

)

 

$

(0.24

)