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Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

Note 11: Earnings Per Share

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

 

 

 

Three Months Ended September 30,

 

 

 Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to stockholders

 

$

(86

)

 

$

(276

)

 

$

(392

)

 

$

(1,223

)

Earnings attributable to participating securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

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

 

$

(86

)

 

$

(276

)

 

$

(392

)

 

$

(1,223

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic

 

 

236

 

 

 

235

 

 

 

236

 

 

 

236

 

Unvested restricted shares

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average shares outstanding – diluted

 

 

236

 

 

 

235

 

 

 

236

 

 

 

236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss per share - Basic(1)

 

$

(0.36

)

 

$

(1.17

)

 

$

(1.66

)

 

$

(5.19

)

Loss per share - Diluted(1)

 

$

(0.36

)

 

$

(1.17

)

 

$

(1.66

)

 

$

(5.19

)

 

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

 

Certain of our outstanding equity awards were excluded from the above calculation of EPS for the three and nine months ended September 30, 2021 and 2020 because their effect would have been anti-dilutive.