Earnings Per Share

3 Months Ended

Mar. 31, 2023


	March 31,
(Dollars in millions, except per share amounts; shares in millions	2023		2022
Net earnings attributable to common shareholders	$	12	$	36
Basic weighted average number of shares outstanding	260		210
Impact of dilutive share-based awards	2		—
Diluted weighted average number of shares outstanding	262		210
Earnings per share attributable to common shareholders - basic	$	0.05	$	0.17
Earnings per share attributable to common shareholders - diluted	$	0.05	$	0.17

For the period ended March 31, 2023, potential dilutive common shares primarily consisted of employee stock options, restricted stock units (“RSUs”) and performance restricted stock units (“PRSUs”), however, the amount of dilutive securities included in the diluted weighted average number of shares outstanding was immaterial. For the period ended March 31, 2022, the basic and diluted weighted average number of shares outstanding were equal as there were no dilutive securities.

The computation of diluted earnings per share (“EPS”) excludes the effect of the potential exercise of stock awards when the average market price of the common stock is lower than the exercise price of the stock awards during the period because the effect would be anti-dilutive. In addition, the computation of diluted EPS excludes

stock awards whose issuance is contingent upon the satisfaction of certain performance vesting conditions. During the period ended March 31, 2023, there were $1.4 million stock awards excluded from the computation. During the period ended March 31, 2022 there were no anti-dilutive securities.