Loss per Share

3 Months Ended

Mar. 31, 2021

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 months ended March 31, 2021 and 2020:


	Three Months Ended March 31,
(Dollars and shares in millions, except per share amounts)	2021		2020
Net Loss Attributable to Weatherford	$	(116)	$	(966)
Basic and Diluted Weighted Average Shares Outstanding	70		70
Basic and Diluted Loss Per Share Attributable to Weatherford	$	(1.66)	(13.80)

Our basic and diluted weighted average shares outstanding for the periods presented are equivalent due to the net loss attributable to shareholders. Diluted weighted average shares outstanding for the three months ended March 31, 2021 and 2020 exclude 9 million and 8 million, respectively, potential ordinary shares for restricted share units, performance share units,

phantom restricted share units, and warrants outstanding as we had net losses for those periods and their inclusion would be anti-dilutive.