Earnings per Share

We did not declare any common stock dividends in the periods presented.

The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands):



	Three Months Ended June 30,						Six Months Ended June 30,
(in millions, except per-share data)	2017			2016			2017			2016
Basic Earnings (Loss) per Share:
Net loss from continuing operations	$	(4	)	$	(10	)	$	(14	)	$	(33	)
Accrued dividends on preferred stock	(3		)	—			(5		)	—
Adjusted Net Loss From Continuing Operations Available to Common Shareholders	(7		)	(10		)	(19		)	(33		)
Income from discontinued operations, net of tax	—			—			4			—
Adjusted Net Loss Available to Common Shareholders	$	(7	)	$	(10	)	$	(15	)	$	(33	)
Weighted average common shares outstanding	203,673			202,875			203,522			202,875

Basic Earnings (Loss) per Share:
Continuing operations	$	(0.03	)	$	(0.05	)	$	(0.09	)	$	(0.17	)
Discontinued operations	—			—			0.02			—
Basic Loss per Share	$	(0.03	)	$	(0.05	)	$	(0.07	)	$	(0.17	)

Diluted Earnings (Loss) per Share:
Net loss from continuing operations	$	(4	)	$	(10	)	$	(14	)	$	(33	)
Accrued dividends on preferred stock	(3		)	—			(5		)	—
Adjusted Net Loss from Continuing Operations Available to Common Shareholders	(7		)	(10		)	(19		)	(33		)
Net income from discontinued operations	—			—			4			—
Adjusted Net Loss Available to Common Shareholders	$	(7	)	$	(10	)	$	(15	)	$	(33	)
Weighted average common shares outstanding⁽¹⁾	203,673			202,875			203,522			202,875

Diluted Earnings (Loss) per Share:
Continuing operations	$	(0.03	)	$	(0.05	)	$	(0.09	)	$	(0.17	)
Discontinued operations	—			—			0.02			—
Diluted Loss per Share:	$	(0.03	)	$	(0.05	)	$	(0.07	)	$	(0.17	)

(1) Due to the net loss from continuing operations, the computation of weighted average shares is the same for basic and diluted earnings per share.