Earnings Per Share

3 Months Ended

Mar. 31, 2021

Note 11: Earnings Per Share

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

	Three Months Ended March 31,
	2021			2020
	(in millions, except per share amounts)
Numerator:
Net loss attributable to stockholders	$	(190	)	$	(688	)
Earnings attributable to participating securities		—			—
Net loss attributable to stockholders, net of earnings allocated to participating securities	$	(190	)	$	(688	)
Denominator:
Weighted average shares outstanding – basic		235			238
Unvested restricted shares		1			—
Weighted average shares outstanding – diluted		236			238

Loss per share - Basic⁽¹⁾	$	(0.81	)	$	(2.89	)
Loss per share - Diluted⁽¹⁾	$	(0.81	)	$	(2.89	)

⁽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, 2021 and 2020 because their effect would have been anti-dilutive.