Earnings (Loss) Per Share Attributable to Navistar International Corporation

6 Months Ended

Apr. 30, 2021

Earnings (Loss) Per Share Attributable to Navistar International Corporation

The following table presents the information used in the calculation of our basic and diluted earnings (loss) per share, all attributable to NIC in our Consolidated Statements of Operations:



	Three Months Ended April 30,				Six Months Ended April 30,
(in millions, except per share data)	2021		2020		2021		2020
Numerator:
Amounts attributable to Navistar International Corporation common stockholders:
Income (loss) from continuing operations, net of tax	$	163	$	(38)	$	81	$	(74)
Income from discontinued operations, net of tax	—		—		1		—
Net income (loss) attributable to Navistar International Corporation common stockholders	$	163	$	(38)	$	82	$	(74)

Denominator:
Weighted average shares outstanding:
Basic	99.9		99.7		99.9		99.6
Effect of dilutive securities	0.3		—		0.3		—
Diluted	100.2		99.7		100.2		99.6

Net income (loss) per share attributable to Navistar International Corporation:
Basic:
Continuing operations	$	1.63	$	(0.38)	$	0.81	$	(0.74)
Discontinued operations	—		—		0.01		—
Basic	$	1.63	$	(0.38)	$	0.82	$	(0.74)
Diluted:
Continuing operations	$	1.63	$	(0.38)	$	0.81	$	(0.74)
Discontinued operations	—		—		0.01		—
Diluted	$	1.63	$	(0.38)	$	0.82	$	(0.74)

The computation of diluted earnings (loss) per share excludes outstanding options and other common stock equivalents in periods where inclusion of such potential common stock instruments would be anti-dilutive. For the three and six months ended April 30, 2020, no dilutive securities were included in the computation of diluted loss per share because they would have been anti-dilutive due to the net loss attributable to NIC.