Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

The following table presents the computation of earnings per share for the three and six months ended June 30, 2022 and 2021:


	For the three months ended June 30,				For the six months ended June 30,
(in millions, except share/per share amounts)	2022		2021		2022		2021
Net income (loss)	$	1,173	$	(609)	$	(1,502)	$	(529)

Number of common shares:
Weighted average outstanding	1,116,175,758		676,722,999		1,115,456,855		676,057,534
Issued upon assumed exercise of outstanding stock options	—		—		—		—
Effect of issuance of non-vested restricted common stock	755,235		—		—		—
Effect of issuance of non-vested restricted units	1,226,632		—		—		—
Effect of issuance of non-vested performance units	87,153		—		—		—
Weighted average and potential dilutive outstanding	1,118,244,778		676,722,999		1,115,456,855		676,057,534

Earnings (loss) per common share
Basic	$	1.05	$	(0.90)	$	(1.35)	$	(0.78)
Diluted	$	1.05	$	(0.90)	$	(1.35)	$	(0.78)

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 and six months ended June 30, 2022 and 2021, as they would have had an antidilutive effect:


	For the three months ended June 30,		For the six months ended June 30,
	2022	2021	2022	2021
Unexercised stock options	2,502,614	3,733,971	2,724,319	3,764,362
Unvested restricted common stock	40,971	721,633	783,729	805,791
Restricted units	786,061	2,917,427	2,127,795	4,059,473
Performance units	—	2,832,043	1,223,158	2,934,615
Total	3,329,646	10,205,074	6,859,001	11,564,241