Earnings Per Share

9 Months Ended

Sep. 30, 2020

Note 10. Earnings Per Share

Basic earnings per share excludes dilution and is computed by dividing net income attributable to Venator ordinary shareholders by the weighted average number of shares outstanding during the period. Diluted earnings per share reflects all potential dilutive ordinary shares outstanding during the period and is computed by dividing net income available to Venator ordinary shareholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities.

Basic and diluted earnings per share are determined using the following information:


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Numerator:





Net loss attributable to Venator Materials PLC ordinary shareholders	$	(42)	$	(19)	$	(54)	$	(1)
Denominator:
Weighted average shares outstanding	106.7		106.6		106.7		106.5
Dilutive share-based awards	—		—		—		—
Total weighted average shares outstanding, including dilutive shares	106.7		106.6		106.7		106.5

For the three and nine months ended September 30, 2020, the number of anti-dilutive employee share-based awards excluded from the computation of diluted earnings per share was 4 million, each. For the three and nine months ended September 30, 2019, the number of anti-dilutive employee share-based awards excluded from the computation of dilutive earnings per share was 2 million, each.