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Earnings (Loss) Per Share | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | Earnings (Loss) per Share We compute basic and diluted earnings per share using the two-class method, which allocates earnings to participating securities. The participating securities consist of our Series A Convertible Perpetual Preferred Stock. The undistributed earnings are allocated between common shares and participating securities as if all earnings had been distributed during the period. Losses are not allocated to the preferred shares. The computations of basic and diluted earnings per share were as follows:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(In millions, except per share data) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Basic (loss) earnings per common share |  |  |  |  |  |  |  |
Net (loss) income attributable to XPO |  | $ | (131) |  |  | $ | 135 |  |  | $ | (108) |  |  | $ | 182 |
Series A preferred stock dividends |  | (1) |  |  | — |  |  | (2) |  |  | (1) |
Non-cash allocation of undistributed loss (earnings) |  | — |  |  | (13) |  |  | — |  |  | (16) |
Net (loss) income attributable to common shares, basic |  | $ | (132) |  |  | $ | 122 |  |  | $ | (110) |  |  | $ | 165 |
Basic weighted-average common shares |  | 91 |  |  | 92 |  |  | 92 |  |  | 100 |
Basic (loss) earnings per share |  | $ | (1.45) |  |  | $ | 1.32 |  |  | $ | (1.20) |  |  | $ | 1.66 |
Diluted (loss) earnings per common share |  |  |  |  |  |  |  |
Net (loss) income attributable to common shares, diluted |  | $ | (132) |  |  | $ | 122 |  |  | $ | (110) |  |  | $ | 165 |
Basic weighted-average common shares |  | 91 |  |  | 92 |  |  | 92 |  |  | 100 |
Dilutive effect of non-participating stock-based awards |  | — |  |  | 10 |  |  | — |  |  | 10 |
Diluted weighted-average common shares |  | 91 |  |  | 102 |  |  | 92 |  |  | 110 |
Diluted (loss) earnings per share |  | $ | (1.45) |  |  | $ | 1.19 |  |  | $ | (1.20) |  |  | $ | 1.51 |
Potential common shares excluded |  | 20 |  |  | 10 |  |  | 21 |  |  | 10 |
Certain shares were not included in the computation of Diluted (loss) earnings per share because the effect was anti-dilutive.

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