Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) (shares in millions): 

		Three Months Ended  June 30,				Six Months Ended  June 30,
		2021		2020		2021		2020
Net income (loss) for basic and diluted EPS		$	398	$	(481)	228		$	(639)
Basic weighted average shares outstanding		69.9		69.6		69.9		71.3
Non-vested stock (a)		0.7		—		0.7		—
Diluted weighted average shares outstanding		70.6		69.6		70.6		71.3
Earnings (loss) per share:
	Basic	$	5.69	$	(6.91)	$	3.26	$	(8.96)
	Diluted	$	5.63	$	(6.91)	$	3.23	$	(8.96)

(a)For the three and six months ended June 30, 2020, 1.3 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.