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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share he following table presents the calculation of basic and diluted earnings per share (“EPS”):

 

 

 

Three Months Ended June 30,

 

 

 Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to stockholders

 

$

(116

)

 

$

(259

)

 

$

(306

)

 

$

(947

)

Earnings attributable to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to stockholders, net of earnings
   allocated to participating securities

 

$

(116

)

 

$

(259

)

 

$

(306

)

 

$

(947

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic

 

 

236

 

 

 

235

 

 

 

235

 

 

 

236

 

Unvested restricted shares

 

 

 

 

 

 

 

 

1

 

 

 

 

Weighted average shares outstanding – diluted

 

 

236

 

 

 

235

 

 

 

236

 

 

 

236

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share - Basic(1)

 

$

(0.49

)

 

$

(1.10

)

 

$

(1.30

)

 

$

(4.01

)

Loss per share - Diluted(1)

 

$

(0.49

)

 

$

(1.10

)

 

$

(1.30

)

 

$

(4.01

)

 

(1)        Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.