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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share | The following table sets forth the computation of basic and diluted net income (loss) per common share (amounts in millions, except per share amounts):
| Year Ended December 31,
Computation of Earnings Per Share | 2021 |  | 2020 |  | 2019
Net income from continuing operations | $ | 1,466 |  |  | $ | 309 |  |  | $ | 254 |
Less: Net income (loss) attributable to non-controlling interests | — |  |  | 2 |  |  | (4) |
Less: Undistributed earnings from continuing operations attributable to participating stockholders | 8 |  |  | 3 |  |  | 2 |
Less: Premium on retirement of preferred stock | 28 |  |  | — |  |  | — |
Net income from continuing operations attributable to Mr. Cooper common stockholders | $ | 1,430 |  |  | $ | 304 |  |  | $ | 256 |
Net (loss) income from discontinued operations | $ | (12) |  |  | $ | (2) |  |  | $ | 16 |
Less: Undistributed earnings from discontinued operations attributable to participating stockholders | — |  |  | — |  |  | — |
Net (loss) income from discontinued operations attributable to Mr. Cooper common stockholders | $ | (12) |  |  | $ | (2) |  |  | $ | 16 |
Net income | $ | 1,454 |  |  | $ | 307 |  |  | $ | 270 |
Less: Net income (loss) attributable to non-controlling interests | — |  |  | 2 |  |  | (4) |
Net income attributable to Mr. Cooper | $ | 1,454 |  |  | $ | 305 |  |  | $ | 274 |
Less: Undistributed earnings attributable to participating stockholders | 8 |  |  | 3 |  |  | 2 |
Less: Premium on retirement of preferred stock | 28 |  |  | — |  |  | — |
Net income attributable to common stockholders | $ | 1,418 |  |  | $ | 302 |  |  | $ | 272 |
Earnings from continuing operations per common share attributable to Mr. Cooper: |  |  |  |  |
Basic | $ | 17.39 |  |  | $ | 3.33 |  |  | $ | 2.81 |
Diluted | $ | 16.67 |  |  | $ | 3.22 |  |  | $ | 2.78 |
Earnings from discontinued operations per common share attributable to Mr. Cooper: |  |  |  |  |
Basic | $ | (0.15) |  |  | $ | (0.02) |  |  | $ | 0.18 |
Diluted | $ | (0.14) |  |  | $ | (0.02) |  |  | $ | 0.17 |
Earnings per common share attributable to Mr. Cooper: |  |  |  |  |
Basic | $ | 17.24 |  |  | $ | 3.31 |  |  | $ | 2.99 |
Diluted | $ | 16.53 |  |  | $ | 3.20 |  |  | $ | 2.95 |
Weighted average shares of common stock outstanding (in thousands): |  |  |  |  |
Basic | 82,247 |  |  | 91,312 |  |  | 91,035 |
Dilutive effect of stock awards | 3,067 |  |  | 2,343 |  |  | 270 |
Dilutive effect of participating securities | 492 |  |  | 839 |  |  | 839 |
Diluted | 85,806 |  |  | 94,494 |  |  | 92,144 |

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- 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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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