Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Basic and Diluted 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.