(Loss) Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Net (Loss) Income Per Share

The following table presents the calculation of basic and diluted (loss) earnings per share:

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
	(in millions, except per share data)
Numerator:
Numerator for basic EPS - Net (loss) income	$	(378)	$	131	$	(697)	$	149
Effect of dilutive securities:
Interest expense associated with convertible debt instruments	—		9		—		9
Numerator for diluted EPS - net (loss) income available to common stockholders after the effect of dilutive securities	$	(378)	$	140	$	(697)	$	158
Denominator:
Denominator for basic EPS - weighted-average number of shares of common stock outstanding	105		104		105		103
Effect of dilutive securities:
Restricted stock units	—		3		—		4
Convertible debt instruments	—		15		—		12
Dilutive potential common shares	—		18		—		16
Denominator for diluted EPS - adjusted weighted-average number of shares of common stock outstanding after the effect of dilutive securities	105		122		105		119
(Loss) Earnings per Share:
Basic	$	(3.59)	$	1.26	$	(6.62)	$	1.44
Diluted	$	(3.59)	$	1.14	$	(6.62)	$	1.33

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The potential common shares from anti-dilutive securities excluded from the weighted-average shares of common stock used to calculate diluted (loss) earnings per share were as follows:

	Three months ended June 30,		Six months ended June 30,
	2022	2021	2022	2021
	(in millions)
Unvested restricted stock units	9	—	9	—
Shares related to convertible debt instruments	16	—	16	4
Total	25	—	25	4