Loss Per Common Share (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of basic and diluted earnings per common share

Basic and diluted loss per common share for the years ended December 31, 2020, 2019 and 2018 were calculated as follows:


	Years Ended December 31,
	2020		2019	2018
	(Dollars in millions, except per share amounts, shares in thousands)
Loss (Numerator):
Net loss	$	(1,232)	(5,269)	(1,733)
Net loss applicable to common stock for computing basic earnings per common share	(1,232)		(5,269)	(1,733)
Net loss as adjusted for purposes of computing diluted earnings per common share	$	(1,232)	(5,269)	(1,733)
Shares (Denominator):
Weighted average number of shares:
Outstanding during period	1,096,284		1,088,730	1,078,409
Non-vested restricted stock	(17,154)		(17,289)	(12,543)
Weighted average shares outstanding for computing basic earnings per common share	1,079,130		1,071,441	1,065,866
Incremental common shares attributable to dilutive securities:
Shares issuable under convertible securities	—		—	—
Shares issuable under incentive compensation plans	—		—	—
Number of shares as adjusted for purposes of computing diluted loss per common share	1,079,130		1,071,441	1,065,866
Basic loss per common share	$	(1.14)	(4.92)	(1.63)
Diluted loss per common share (1)	$	(1.14)	(4.92)	(1.63)

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(1)For the years ended December 31, 2020, December 31, 2019 and December 31, 2018, we excluded from the calculation of diluted loss per share 5.3 million shares, 3.0 million shares and 4.6 million shares, respectively, potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive.