(In millions, except per share amounts)

2023

2022

2021

Basic Earnings (Loss) Per Share

Numerator:

Net income (loss) from continuing operations

$

139

$

178

$

187

Loss from discontinued operations, net of tax

—

(12

)

(395

)

Net income (loss)

$

139

$

166

$

(208

)

Denominator:

Weighted-average shares outstanding

39

48

53

Basic earnings (loss) per share:

Continuing operations

$

3.61

$

3.73

$

3.54

Discontinued operations

—

(0.25

)

(7.47

)

Net basic earnings (loss) per share

$

3.61

$

3.48

$

(3.93

)

Diluted Earnings (Loss) Per Share

Numerator:

Net income (loss) from continuing operations

$

139

$

178

$

187

Loss from discontinued operations, net of tax

—

(12

)

(395

)

Net income (loss)

$

139

$

166

$

(208

)

Denominator:

Weighted-average shares outstanding

39

48

53

Effect of dilutive securities:

Stock options and restricted stock

1

1

2

Diluted weighted-average shares outstanding

40

49

55

Diluted earnings (loss) per share

Continuing operations

$

3.50

$

3.61

$

3.42

Discontinued operations

—

(0.24

)

(7.21

)

Net diluted earnings (loss) per share

$

3.50

$

3.37

$

(3.79

)