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Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

Note 12: Earnings Per Share

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

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

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

 

$

162

 

 

$

(459

)

 

$

(1,440

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic

 

 

228

 

 

$

236

 

 

$

236

 

Unvested restricted shares

 

 

—

 

 

$

—

 

 

$

—

 

Weighted average shares outstanding – diluted

 

 

228

 

 

$

236

 

 

$

236

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share – Basic(1)

 

$

0.71

 

 

$

(1.95

)

 

$

(6.11

)

Earnings (loss) per share – Diluted(1)

 

$

0.71

 

 

$

(1.95

)

 

$

(6.11

)

 

(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 years ended December 31, 2022, 2021 and 2020 because their effect would have been anti-dilutive.