Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2022

4. EARNINGS (LOSS) PER SHARE

The following is a reconciliation of the numerator and denominator of the basic and diluted EPS computation for earnings (loss) per share:


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share amounts)	2022		2021		2022		2021
Numerator:





Net income (loss) available to common shareholders	$	(4)	$	(31)	$	(6)	$	(47)

Denominator:
Basic
Weighted-average common shares outstanding	140		137		139		137
Diluted
Effect of dilutive shares	—		—		—		—
Weighted-average common shares outstanding	140		137		139		137

Earnings (loss) per share:
Basic	$	(0.03)	$	(0.23)	$	(0.04)	$	(0.34)
Diluted	$	(0.03)	$	(0.23)	$	(0.04)	$	(0.34)

Potentially dilutive securities (a)	6		5		6		5

(a) Potentially dilutive securities include stock options, RSUs, RSAs, and PSUs which are excluded from the computation of diluted earnings per share because the securities would have had an antidilutive effect