Earnings Per Share

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020			2019
	(in millions, except per share amounts)
Numerator:
Net (loss) income attributable to stockholders	$	(688	)	$	96
Earnings allocated to participating securities		—			—
Net (loss) income attributable to stockholders, net of earnings    allocated to participating securities	$	(688	)	$	96
Denominator:
Weighted average shares outstanding – basic		238			201
Unvested restricted shares		—			1
Weighted average shares outstanding – diluted		238			202
(Loss) earnings per share - Basic	$	(2.89	)	$	0.48
(Loss) earnings per share - Diluted	$	(2.89	)	$	0.48

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

Certain of our outstanding equity awards were excluded from the above calculation of EPS for the three months ended March 31, 2020 and 2019 because their effect would have been anti-dilutive.