Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

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

	Three Months Ended March 31,
	2023		2022
Numerator:
Net income attributable to NOW Inc.	$	31	$	30
Less: net income attributable to participating securities		—		—
Net income attributable to NOW Inc. stockholders	$	31	$	30
Denominator:
Weighted average basic common shares outstanding		110,006,858		110,602,943
Effect of dilutive securities		1,209,998		219,574
Weighted average diluted common shares outstanding		111,216,856		110,822,517
Earnings per share attributable to NOW Inc. stockholders:
Basic	$	0.28	$	0.27
Diluted	$	0.28	$	0.27