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Net Income Per Share | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
NET INCOME PER SHARE | NET INCOME PER SHARE The following table sets forth the computation of basic and diluted net income per share (in millions, except per share amounts). For the three and nine months ended September 30, 2022 and 2021, an immaterial number of shares related to the Company's restricted stock units and stock warrants were excluded from the denominator because inclusion of such shares would be antidilutive.
| Three months ended September 30, |  | Nine months ended September 30, |
| 2022 |  | 2021 |  | 2022 |  | 2021 |
NUMERATOR: |  |  |  |  |  |  |  |
Net income | $ | 277 |  |  | $ | 446 |  |  | $ | 759 |  |  | $ | 909 |  |
Add: Interest expense | 5 |  | (a) | — |  |  | 17 |  | (a) | — |  |
Net income attributable to common stockholders | 282 |  |  | 446 |  |  | 776 |  |  | 909 |  |
DENOMINATOR: |  |  |  |  |  |  |  |
Weighted-average shares outstanding, basic | 593 |  |  | 592 |  |  | 593 |  |  | 591 |  |
Dilutive effects of Convertible Notes | 45 |  | (a) | 14 |  | (b) | 49 |  | (a) | 17 |  | (b)
Dilutive effect of stock warrants | — |  |  | 1 |  |  | — |  |  | 1 |  |
Dilutive effect of restricted stock units | 1 |  |  | — |  |  | 1 |  |  | 1 |  |
Adjusted weighted-average shares outstanding, diluted | 639 |  |  | 607 |  |  | 643 |  |  | 610 |  |
NET INCOME PER SHARE: |  |  |  |  |  |  |  |
Basic | $ | 0.47 |  |  | $ | 0.75 |  |  | $ | 1.28 |  |  | $ | 1.54 |  |
Diluted | $ | 0.44 |  |  | $ | 0.73 |  |  | $ | 1.21 |  |  | $ | 1.49 |  |
(a) As of January 1, 2022, the Company adopted ASU 2020-06 using the modified retrospective method. The standard requires the Company to apply the if-converted method for purposes of diluted net income per share, which requires the Company to assume that all Convertible Notes were converted and outstanding for the entire period. Using this method, the numerator is affected by adding back interest expense and the denominator is affected by including the effect of potential share settlement, if the effect is more dilutive, regardless of the type of settlement. For the three and nine months ended September 30, 2022, all shares issuable on conversion were included in the denominator. See Notes 3 and 11 for further information regarding the new standard and the Convertible Notes. (b) Prior to the adoption of ASU 2020-06, the Convertible Notes were accounted for using the treasury stock method for the purposes of net income per share. For the three and nine months ended September 30, 2021, the average market price of the Company's common stock exceeded the conversion price per share of $38.48 and as such, the common shares underlying the Convertible Notes were included in the diluted calculation.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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