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Earnings Per Share
 12 Months Ended
Dec. 31, 2020
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,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to stockholders

 

$

(1,440

)

 

$

306

 

 

$

472

 

Earnings attributable to participating securities

 

 

—

 

 

 

(1

)

 

 

(2

)

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

   allocated to participating securities

 

$

(1,440

)

 

$

305

 

 

$

470

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic

 

 

236

 

 

 

212

 

 

 

203

 

Unvested restricted shares

 

 

—

 

 

 

1

 

 

 

1

 

Weighted average shares outstanding – diluted

 

 

236

 

 

 

213

 

 

 

204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) Earnings per share - Basic(1)

 

$

(6.11

)

 

$

1.44

 

 

$

2.32

 

(Loss) Earnings per share - Diluted(1)

 

$

(6.11

)

 

$

1.44

 

 

$

2.31

 

(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 years ended December 31, 2020, 2019 and 2018 because their effect would have been anti-dilutive.