XML 35 R23.htm IDEA: XBRL DOCUMENT v3.20.2
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Income (Numerator) and Shares (Denominator) Used in Computation of Diluted Earnings Per Share
The following table reconciles income (numerator) and shares (denominator) used in our computations of basic and diluted earnings per share for the periods presented (in millions, except share amounts which are reflected in thousands):

 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2020
 
2019
 
2020
 
2019
Income (Numerator)
 
 
 
 
 
 
 
Net income
$
273

 
$
43

 
$
424

 
$
66

Net income attributable to the redeemable noncontrolling interests
(12
)
 

 
(32
)
 

Net income attributable to the noncontrolling interests
(9
)
 
(1
)
 
(17
)
 
(2
)
Numerator for basic and diluted earnings per common share available to common shareholders
$
252

 
$
42

 
$
375

 
$
64

 
 
 
 
 
 
 
 
Shares (Denominator)
 

 
 

 
 
 
 
Weighted-average common shares outstanding
80,425

 
91,764

 
85,517

 
92,032

Dilutive effect of stock-settled appreciation rights and outstanding stock options
312

 
1,399

 
464

 
1,157

Weighted-average common and common equivalent shares outstanding
80,737

 
93,163

 
85,981

 
93,189


Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table shows the weighted-average stock-settled appreciation rights and outstanding stock options (in thousands) that are excluded from the calculation of diluted earnings per common share as the inclusion of such shares would be anti-dilutive:

 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2020
 
2019
 
2020
 
2019
Weighted-average stock-settled appreciation rights and outstanding stock options excluded
3,019

 

 
2,916

 
475