Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

The following table summarizes the basic and diluted earnings per share calculations (in millions, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Numerator:
Net income attributable to common shareholders - basic	$	106	$	142	$	250	$	277
Add: Net income attributable to noncontrolling interests	57		115		137		226
Net income available to common shareholders and noncontrolling interests - diluted	$	163	$	257	$	387	$	503

Denominator:
Weighted average common shares - basic	301		255		300		254
Exchange of noncontrolling interests for common shares (Note 12)	164		207		165		207
Effect of other dilutive securities	4		7		4		7
Weighted average common shares - diluted	469		469		469		468

Basic earnings per share (a)	$	0.35	$	0.56	$	0.83	$	1.09
Diluted earnings per share (a)	$	0.35	$	0.55	$	0.83	$	1.07
Anti-dilutive securities outstanding	8		3		8		3

(a) Earnings per share may not recalculate exactly as it is calculated based on unrounded numbers.