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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of earnings per share
The following table sets forth the computation of basic and diluted net income per common share (amounts in millions, except per share amounts):
Three Months Ended March 31,
Computation of Earnings Per Share20222021
Net income from continuing operations$658 $559 
Less: Undistributed earnings from continuing operations attributable to participating stockholders— 5 
Net income from continuing operations attributable to Mr. Cooper common stockholders$658 $554 
Net income from discontinued operations$— $2 
Less: Undistributed earnings from discontinued operations attributable to participating stockholders— — 
Net income from discontinued operations attributable to Mr. Cooper common stockholders$— $2 
Net income$658 $561 
Less: Undistributed earnings attributable to participating stockholders— 5 
Net income attributable to common stockholders$658 $556 
Earnings from continuing operations per common share attributable to Mr. Cooper:
Basic$8.91 $6.20 
Diluted$8.59 $5.90 
Earnings from discontinued operations per common share attributable to Mr. Cooper:
Basic$— $0.02 
Diluted$— $0.02 
Earnings per common share attributable to Mr. Cooper:
Basic$8.91 $6.22 
Diluted$8.59 $5.92 
Weighted average shares of common stock outstanding (in thousands):
Basic73,864 89,458 
Dilutive effect of stock awards2,704 3,590 
Dilutive effect of participating securities— 839 
Diluted76,568 93,887