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Earnings (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share are as follows (in millions, except share data):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to the Company

$

26

 

 

$

(2

)

 

$

56

 

 

$

(12

)

Less: net income attributable to participating securities

 

(1

)

 

 

 

 

 

(1

)

 

 

 

Net income (loss) attributable to the Company's stockholders

$

25

 

 

$

(2

)

 

$

55

 

 

$

(12

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

110,772,042

 

 

 

110,419,322

 

 

 

110,687,985

 

 

 

110,246,306

 

Effect of dilutive securities

 

302,291

 

 

 

 

 

 

260,932

 

 

 

 

Weighted average diluted common shares outstanding

 

111,074,333

 

 

 

110,419,322

 

 

 

110,948,917

 

 

 

110,246,306

 

Earnings (loss) per share attributable to the Company's stockholders:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.23

 

 

$

(0.02

)

 

$

0.50

 

 

$

(0.11

)

Diluted

$

0.23

 

 

$

(0.02

)

 

$

0.50

 

 

$

(0.11

)