Earnings Per Share

3 Months Ended

Mar. 31, 2022

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 March 31,
	2022		2021
Numerator:
Basic and diluted loss from continuing operations:
Net loss attributable to Venator Materials PLC ordinary shareholders	$	(3)	$	(21)




Denominator:
Weighted average shares outstanding	107.6		107.1
Potential dilutive impact of share-based awards(1)	0.1		0.6

(1) The potentially dilutive impact of share-based awards was excluded from the calculation of net loss per share for the three months ended March 31, 2022 and 2021 because there is an anti-dilutive effect as we are in net loss positions.

For the three months ended March 31, 2022, the number of anti-dilutive employee share-based awards excluded from the computation of diluted earnings per share was 4 million. For the three months ended March 31, 2021, the number of anti-dilutive employee share-based awards excluded from the computation of dilutive earnings per share was 1 million.