XML 56 R37.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 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”):

 

 

 

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.