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Earnings Per Share | 6 Months Ended
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Jun. 30, 2018
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE Basic and diluted net income (loss) per share of Class A common stock is presented below:
| Three Months Ended June 30, | Six Months Ended June 30,
(In millions, except per share amounts) | 2018 | 2017 | 2018 | 2017
Net income (loss) | $ | (38 | ) | $ | (20 | ) | $ | (57 | ) | $ | 46 |
Less: Net income (loss) attributable to GE O&G pre-merger | — |  | (26 | ) | — |  | 42 |
Less: Net income (loss) attributable to noncontrolling interests | (19 | ) | 6 |  | (108 | ) | 4 |
Net income (loss) attributable to BHGE | $ | (19 | ) | $ | — |  | $ | 51 |  | $ | — |
Weighted average shares outstanding: |  |  |  |
Class A basic | 414 |  |  | 417 |  |
Class A diluted | 414 |  |  | 419 |  |
Net income (loss) per share attributable to common stockholders: |  |  |  |
Class A basic | $ | (0.05 | ) |  | $ | 0.12 |  |
Class A diluted | $ | (0.05 | ) |  | $ | 0.12 |  |
The allocation of net income (loss) to holders of shares of Class A common stock began following the close of the Transactions on July 3, 2017. Therefore, earnings attributable to Class A common stock for any period prior to July 3, 2017 will be nil. Please refer to "Note 3. Business Acquisition" for proforma earnings per share. As of July 3, 2017, GE, BHGE and BHGE LLC entered into an Exchange Agreement under which GE is entitled to exchange its holding in Class B common stock and units of BHGE LLC for Class A common stock on a one-for-one basis (subject to adjustment in accordance with the terms of the Exchange Agreement) or, at the option of BHGE, an amount of cash equal to the aggregate value (determined in accordance with the terms of the Exchange Agreement) of the shares of Class A common stock that would have otherwise been received by GE in the exchange. In computing the dilutive effect, if any, that the aforementioned exchange would have on net income (loss) per share, net income (loss) attributable to holders of Class A common stock would be adjusted due to the elimination of the noncontrolling interests associated with the Class B common stock (including any tax impact). For the three and six months ended June 30, 2018, such exchange is not reflected in diluted net income (loss) per share as the assumed exchange is not dilutive. Shares of our Class B common stock do not share in earnings or losses of the Company and are not considered in the calculation of basic or diluted earnings per share (EPS). As such, separate presentation of basic and diluted EPS of Class B under the two class method has not been presented. There were approximately five million options that were excluded from our diluted EPS calculation because their effect is antidilutive. These options were outstanding but excluded from the calculation because the exercise price exceeded the average market price of the Class A common shares.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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