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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
Computation of Earnings Per Share2022202120222021
Net income from continuing operations$151 $427 $809 $986 
Less: Undistributed earnings from continuing operations attributable to participating stockholders— 4 — 9 
Net income from continuing operations attributable to Mr. Cooper common stockholders$151 $423 $809 $977 
Net income from discontinued operations$— $12 $— $14 
Less: Undistributed earnings from discontinued operations attributable to participating stockholders— — — — 
Net income from discontinued operations attributable to Mr. Cooper common stockholders$— $12 $— $14 
Net income$151 $439 $809 $1,000 
Less: Undistributed earnings attributable to participating stockholders— 4 — 9 
Net income attributable to common stockholders$151 $435 $809 $991 
Earnings from continuing operations per common share attributable to Mr. Cooper:
Basic$2.08 $4.91 $11.04 $11.13 
Diluted$2.03 $4.72 $10.74 $10.65 
Earnings from discontinued operations per common share attributable to Mr. Cooper:
Basic$— $0.14 $— $0.16 
Diluted$— $0.13 $— $0.15 
Earnings per common share attributable to Mr. Cooper:
Basic$2.08 $5.05 $11.04 $11.29 
Diluted$2.03 $4.85 $10.74 $10.80 
Weighted average shares of common stock outstanding (in thousands):
Basic72,709 86,142 73,278 87,791 
Dilutive effect of stock awards1,618 2,664 2,052 3,123 
Dilutive effect of participating securities— 839 — 839 
Diluted74,327 89,645 75,330 91,753