Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

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,
	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.