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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2018

Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]

Reconciliation of basic EPS and diluted EPS

A reconciliation of basic EPS and diluted EPS is as follows:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2018				2017				2018				2017
		(in millions, except per share data)
Net income (loss) available to common stockholders		$	60			$	(41	)		$	288			$	506
Effect of dilutive securities		—				—				—				—
Diluted income (loss) available to common stockholders		$	60			$	(41	)		$	288			$	506
Weighted average common and common equivalent shares outstanding - basic		910				909				909				908
Effect of dilutive securities		1				—				—				—
Weighted average common and common equivalent shares outstanding - diluted		911				909				909				908
Net income per share attributable to Chesapeake:
Basic		$	0.07			$	(0.05	)		$	0.32			$	0.56
Diluted		$	0.07			$	(0.05	)		$	0.32			$	0.56
Shares of common stock for the following securities were excluded from the calculation of diluted EPS as the effect was antidilutive:
Common stock equivalent of our preferred stock outstanding		60				60				60				60
Common stock equivalent of our convertible senior notes outstanding		146				146				146				146
Participating securities		2				—				1				1

Reconciliation of basic EPS and diluted EPS

A reconciliation of basic EPS and diluted EPS is as follows:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2018				2017				2018				2017
		(in millions, except per share data)
Net income (loss) available to common stockholders		$	60			$	(41	)		$	288			$	506
Effect of dilutive securities		—				—				—				—
Diluted income (loss) available to common stockholders		$	60			$	(41	)		$	288			$	506
Weighted average common and common equivalent shares outstanding - basic		910				909				909				908
Effect of dilutive securities		1				—				—				—
Weighted average common and common equivalent shares outstanding - diluted		911				909				909				908
Net income per share attributable to Chesapeake:
Basic		$	0.07			$	(0.05	)		$	0.32			$	0.56
Diluted		$	0.07			$	(0.05	)		$	0.32			$	0.56
Shares of common stock for the following securities were excluded from the calculation of diluted EPS as the effect was antidilutive:
Common stock equivalent of our preferred stock outstanding		60				60				60				60
Common stock equivalent of our convertible senior notes outstanding		146				146				146				146
Participating securities		2				—				1				1

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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