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Income per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Income per Share
9 – Income per Share
A reconciliation of the number of shares used for the basic and diluted income per share calculation was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars and shares in millions, except per share amounts)2024202320242023
Net Income Attributable to Weatherford$157 $123 $394 $277 
Less: Impact of Acquisition Contingent Consideration (1)
(2)— — — 
Net Income Attributable to Weatherford and Available to Shareholders
$155 $123 $394 $277 
Basic Weighted Average Shares Outstanding73.2 72.1 73.1 71.9 
Dilutive Effect of Awards Granted in Stock Incentive Plan
1.9 1.6 1.9 1.7 
Dilutive Effect of Acquisition Contingent Consideration (1)
0.1 — — — 
Diluted Weighted Average Shares Outstanding75.2 73.7 75.0 73.6 
Basic Income per Share$2.14 $1.70 $5.39 $3.85 
Diluted Income per Share (1)
$2.06 $1.66 $5.25 $3.76 
Anti-dilutive Weighted Average Shares:
  Warrants
— 7.8 — 7.8 
  Equity Awards
0.3 0.4 0.4 0.8 
Total Anti-dilutive Weighted Average Shares
0.3 8.2 0.4 8.6 
[1]Included the maximum potentially dilutive shares contingently issuable for an acquisition consideration during the three months ended September 30,2024, the value of which was adjusted out of Net Income Attributable to Weatherford in calculating diluted income per share.

Basic income per share for all periods presented equals net income divided by our weighted average shares outstanding during the period. Diluted income per share is computed by dividing net income available to shareholders by our weighted average shares outstanding during the period including potential dilutive ordinary shares. Anti-dilutive weighted average shares represent securities that could potentially dilute income per share in the future, and are excluded from the computation of income per share.

Warrants to purchase 7.8 million ordinary shares at $99.96 per share were issued on December 13, 2019 and expired on December 13, 2023. For the three and nine months ended September 30, 2023 warrants were excluded from the diluted weighted average shares outstanding as the exercise price of the warrants was greater than the average market price of the Company’s ordinary shares.