Loss per Share

9 Months Ended

Sep. 30, 2020

Basic earnings (loss) per share for all periods presented equals net income (loss) divided by our weighted average shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by our weighted average shares outstanding during the period including potential dilutive ordinary shares.

The following table presents our basic and diluted weighted average shares outstanding and loss per share for the three and nine months ended September 30, 2020 and 2019:


	Successor		Predecessor		Successor		Predecessor
(Dollars and shares in millions,	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
except per share amounts)	9/30/2020		9/30/2019		9/30/2020		9/30/2019
Net Loss Attributable to Weatherford	$	(174)	$	(821)	$	(1,721)	$	(1,618)
Basic and Diluted weighted average shares outstanding	70		1,004		70		1,004
Basic and Diluted Loss Per Share Attributable to Weatherford	$	(2.48)	$	(0.82)	$	(24.58)	$	(1.61)

Our basic and diluted weighted average shares outstanding for the Successor Period and Predecessor Period are equivalent due to the net loss attributable to shareholders. Diluted weighted average shares outstanding for both the three and nine months ended September 30, 2020 exclude 8 million potential ordinary shares, and the three and nine months ended September 30, 2019 exclude 163 million and 208 million potential ordinary shares, respectively, for restricted share units, performance units, exchangeable senior notes and warrants outstanding as we had net losses for those periods and their inclusion would be anti-dilutive.