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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of calculations of basic and diluted earnings or loss per share attributable to the entity
The following table summarizes the calculations of basic and diluted earnings or loss per share attributable to PHH Corporation and anti-dilutive securities excluded from the computation of diluted shares for the periods indicated:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
 
(In millions, except share and per share data)
Loss from continuing operations, net of tax
$
(37
)
 
$
(42
)
 
$
(63
)
 
$
(95
)
Income (loss) from discontinued operations attributable to PHH Corporation, net of tax
2

 
(4
)
 
(2
)
 
(18
)
Net loss attributable to PHH Corporation
$
(35
)
 
$
(46
)
 
$
(65
)
 
$
(113
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding—basic & diluted (1) (2)
32,668,668

 
53,342,256

 
32,657,107

 
53,511,445

 
 
 
 
 
 
 
 
Basic and Diluted earnings (loss) per share:
 
 
 
 
 
 
 
From continuing operations
$
(1.11
)
 
$
(0.78
)
 
$
(1.92
)
 
$
(1.77
)
From discontinued operations
0.04

 
(0.08
)
 
(0.08
)
 
(0.34
)
Total attributable to PHH Corporation
$
(1.07
)
 
$
(0.86
)
 
$
(2.00
)
 
$
(2.11
)
 
 
 
 
 
 
 
 
Anti-dilutive securities excluded from the computation of diluted shares:
 
 
 
 
 
 
 
Outstanding stock-based compensation awards (3) 
224,448

 
1,098,464

 
224,448

 
1,098,464

 
 ———————
(1) 
For the three and six months ended June 30, 2017, includes the reduction of 1,760,964 shares repurchased pursuant to an open market repurchase program during May 2017 and June 2017.
(2) 
For the three months ended June 30, 2018, the Company had a net loss from continuing operations and, as a result, there were no potentially dilutive securities included in the denominator for computing dilutive earnings per share.
(3) 
For the three and six months ended June 30, 2018, excludes 62,201 shares that are contingently issuable for which the contingency has not been met.