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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2023
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 | 2023 |  | 2022 |  | 2021
Net income from continuing operations | $ | 500 |  |  | $ | 923 |  |  | $ | 1,466 |
Less: Undistributed earnings from continuing operations attributable to participating stockholders | — |  |  | — |  |  | 8 |
Less: Premium on retirement of preferred stock | — |  |  | — |  |  | 28 |
Net income from continuing operations attributable to Mr. Cooper common stockholders | $ | 500 |  |  | $ | 923 |  |  | $ | 1,430 |
Net loss from discontinued operations | $ | — |  |  | $ | — |  |  | $ | (12) |
Less: Undistributed earnings from discontinued operations attributable to participating stockholders | — |  |  | — |  |  | — |
Net loss from discontinued operations attributable to Mr. Cooper common stockholders | $ | — |  |  | $ | — |  |  | $ | (12) |
Net income | $ | 500 |  |  | $ | 923 |  |  | $ | 1,454 |
Less: Undistributed earnings attributable to participating stockholders | — |  |  | — |  |  | 8 |
Less: Premium on retirement of preferred stock | — |  |  | — |  |  | 28 |
Net income attributable to common stockholders | $ | 500 |  |  | $ | 923 |  |  | $ | 1,418 |
Earnings from continuing operations per common share attributable to Mr. Cooper: |  |  |  |  |
Basic | $ | 7.46 |  |  | $ | 12.84 |  |  | $ | 17.39 |
Diluted | $ | 7.30 |  |  | $ | 12.50 |  |  | $ | 16.67 |
Earnings from discontinued operations per common share attributable to Mr. Cooper: |  |  |  |  |
Basic | $ | — |  |  | $ | — |  |  | $ | (0.15) |
Diluted | $ | — |  |  | $ | — |  |  | $ | (0.14) |
Earnings per common share attributable to Mr. Cooper: |  |  |  |  |
Basic | $ | 7.46 |  |  | $ | 12.84 |  |  | $ | 17.24 |
Diluted | $ | 7.30 |  |  | $ | 12.50 |  |  | $ | 16.53 |
Weighted average shares of common stock outstanding (in thousands): |  |  |  |  |
Basic | 67,070 |  |  | 71,885 |  |  | 82,247 |
Dilutive effect of stock awards | 1,479 |  |  | 1,933 |  |  | 3,067 |
Dilutive effect of participating securities | — |  |  | — |  |  | 492 |
Diluted | 68,549 |  |  | 73,818 |  |  | 85,806 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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