EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2022

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,
	2022		2021		2022		2021
Income (Numerator)
Net (loss) income	$	(6)	$	(328)	$	2,610	$	(302)
Net income attributable to the redeemable noncontrolling interests	(5)		(5)		(9)		(9)
Net loss (income) attributable to the noncontrolling interests	—		1		(25)		(33)

Numerator for basic and diluted (loss) earnings per common share available to common shareholders	$	(11)	$	(332)	$	2,576	$	(344)

Shares (Denominator)
Basic weighted-average common shares outstanding	70,897		75,331		71,527		74,862
Dilutive effect of stock-settled appreciation rights and outstanding stock options	—		—		6		—
Diluted weighted-average common and common equivalent shares outstanding	70,897		75,331		71,533		74,862

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,
	2022	2021	2022	2021
Weighted-average stock-settled appreciation rights and outstanding stock options excluded	3,645	1,802	3,095	1,608