Earnings Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

	Year Ended December 31,
(Dollars in millions, except per share amounts; shares in millions)	2023		2022		2021
Net earnings	$	168	$	405	$	154
Basic weighted average number of shares outstanding	261		215		210
Impact of dilutive share-based awards	3		—		—
Diluted weighted average number of shares outstanding	264		215		210
Earnings per share attributable to common shareholders - basic	$	0.64	$	1.88	$	0.73
Earnings per share attributable to common shareholders - diluted	$	0.64	$	1.88	$	0.73

For the years ended December 31, 2023 and 2022, potential dilutive common shares primarily consisted of employee stock options, RSUs and PRSUs. Dilutive securities included in the diluted weighted average number of shares outstanding for 2022 was immaterial. For the year ended December 31, 2021, the basic and diluted weighted average number of shares outstanding were equal as there were no dilutive securities.

The computation of diluted 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 that have not yet been achieved.