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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Schedule of earnings per share
The following table sets forth the computation of basic and diluted net income (loss) per common share (amounts in millions, except per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
Computation of Earnings Per Share2021202020212020
Net income from continuing operations$310 $187 $1,296 $105 
Less: Net income attributable to non-controlling interests— 5 — 2 
Less: Undistributed earnings from continuing operations attributable to participating stockholders1 2 9 1 
Less: Premium on retirement of preferred stock28 — 28 — 
Net income from continuing operations attributable to Mr. Cooper common stockholders$281 $180 $1,259 $102 
Net (loss) income from discontinued operations$(11)$27 $3 $11 
Less: Undistributed earnings from discontinued operations attributable to participating stockholders— — — — 
Net (loss) income from discontinued operations attributable to Mr. Cooper common stockholders$(11)$27 $3 $11 
Net income$299 $214 $1,299 $116 
Less: Net income attributable to non-controlling interests— 5 — 2 
Net income attributable to Mr. Cooper299 209 1,299 114 
Less: Undistributed earnings attributable to participating stockholders1 2 9 1 
Less: Premium on retirement of preferred stock28 — 28 — 
Net income attributable to common stockholders$270 $207 $1,262 $113 
Earnings from continuing operations per common share attributable to Mr. Cooper:
Basic$3.56 $1.98 $14.85 $1.12 
Diluted$3.42 $1.91 $14.20 $1.09 
Earnings from discontinued operations per common share attributable to Mr. Cooper:
Basic$(0.14)$0.28 $0.04 $0.11 
Diluted$(0.13)$0.27 $0.03 $0.11 
Earnings per common share attributable to Mr. Cooper:
Basic$3.42 $2.26 $14.89 $1.23 
Diluted$3.29 $2.18 $14.23 $1.20 
Weighted average shares of common stock outstanding (in thousands):
Basic78,944 91,682 84,809 91,688 
Dilutive effect of stock awards2,826 2,563 3,176 1,529 
Dilutive effect of participating securities301 839 658 839 
Diluted82,071 95,084 88,643 94,056