Earnings per Share

12 Months Ended

Dec. 31, 2022

17 – Income (Loss) per Share

Basic income (loss) per share for all periods presented equals net income (loss) divided by our weighted average shares outstanding during the period. Diluted income (loss) per share is computed by dividing net income (loss) by our weighted average shares outstanding during the period including potential dilutive ordinary shares. Antidilutive shares represent potentially dilutive securities which are excluded from the computation of diluted income or loss per share as their impact was antidilutive. These include potential ordinary shares for restricted share units, performance share units, phantom restricted share units, and outstanding warrants. Our basic and diluted weighted average shares outstanding for periods presented with net loss are equivalent as the impact of potential dilutive securities is antidilutive.

A reconciliation of the number of shares used for the basic and diluted income (loss) per share calculation was as follows:


	Year Ended December 31,
(Shares in millions)	2022		2021		2020
Net Income (Loss) Attributable to Weatherford	$	26	$	(450)	$	(1,921)

Basic Weighted Average Shares Outstanding	71		70		70
Dilutive Effect of Awards Granted in Stock Incentive Plans	1		—		—
Diluted Weighted Average Shares Outstanding	72		70		70

Antidilutive Shares	8		10		8
Basic Income (Loss) Per Share Attributable to Weatherford	$	0.37	$	(6.43)	$	(27.44)
Diluted Income (Loss) Per Share Attributable to Weatherford	$	0.36	$	(6.43)	$	(27.44)