	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
	(In millions, except share and per share data)
Net income (loss) attributable to PHH Corporation	$	90	$	(57)	$	142	$	18
Weighted-average common shares outstanding — basic	57,320,953		56,803,903		57,285,088		56,730,471
Effect of potentially dilutive securities:
Share-based payment arrangements(1)	140,484		—		189,649		152,126
Conversion of debt securities	7,360,737		—		7,826,754		2,518,414
Weighted-average common shares outstanding — diluted	64,822,174		56,803,903		65,301,491		59,401,011
Basic earnings (loss) per share attributable to PHH Corporation	$	1.58	$	(1.00)	$	2.48	$	0.32
Diluted earnings (loss) per share attributable to PHH Corporation	$	1.40	$	(1.00)	$	2.18	$	0.31
Anti-dilutive securities excluded from the computation of dilutive securities:
Outstanding stock-based compensation awards	1,109,118		2,066,270		650,818		1,623,297
Assumed conversion of debt securities	—		4,195,717		—		—

(1) Represents incremental shares from restricted stock units and stock options. For the three and six months ended June 30, 2013, excludes 719,606 shares that are contingently issuable for which the contingency has not been met. For the three and six months ended June 30, 2012, excludes 358,984 shares that are contingently issuable for which the contingency has not been met.