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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
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 March 31,

 

 

 

2022

 

 

2021

 

 

 

(in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

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

 

$

(57

)

 

$

(190

)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding – basic

 

 

235

 

 

 

235

 

Unvested restricted shares

 

 

 

 

 

1

 

Weighted average shares outstanding – diluted

 

 

235

 

 

 

236

 

 

 

 

 

 

 

 

Loss per share - Basic(1)

 

$

(0.24

)

 

$

(0.81

)

Loss per share - Diluted(1)

 

$

(0.24

)

 

$

(0.81

)

 

(1) Per share amounts are calculated based on unrounded numbers.