Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

The following table presents the computation of earnings per share for the three months ended March 31, 2021 and 2020:


	For the three months ended March 31,
(in millions, except share/per share amounts)		2021		2020
Net income (loss)		$	80	$	(1,547)

Number of common shares:
Weighted average outstanding		675,385,145		540,308,491
Issued upon assumed exercise of outstanding stock options		—		—
Effect of issuance of non-vested restricted common stock		870,541		—
Effect of issuance of non-vested restricted units		804,944		—
Effect of issuance of non-vested performance units		2,807,195		—
Weighted average and potential dilutive outstanding		679,867,825		540,308,491

Earnings per common share
Basic		$	0.12	$	(2.86)
Diluted		$	0.12	$	(2.86)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the common stock shares equivalent excluded from the calculation of diluted earnings per share for the three months ended March 31, 2021 and 2020, as they would have had an antidilutive effect:


	For the three months ended March 31,
		2021	2020
Unexercised stock options		3,795,091	4,584,563
Unvested share-based payment		—	1,006,860
Restricted stock units		3,987,291	1,312,293
Performance units		—	2,275,498
Total		7,782,382	9,179,214