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Net Loss Attributable to Company Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Attributable to Company Per Share
11. Net Loss Attributable to Company Per Share

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):

 

     Three Months Ended
March 31,		  
     2017      2016  

Numerator:

      

Net loss attributable to Company

    $ (122 )     $ (119 ) 
  

 

 

     

 

 

  

Denominator:

      

Basic—weighted average common shares outstanding

      376        375  

Dilutive effect of employee stock options and other unvested stock awards

      —          —    
  

 

 

     

 

 

  

Diluted outstanding shares

      376        375  
  

 

 

     

 

 

  

Net loss attributable to Company per share:

      

Basic

    $ (0.32 )     $ (0.32 ) 
  

 

 

     

 

 

  

Diluted

    $ (0.32 )     $ (0.32 ) 
  

 

 

     

 

 

  

Cash dividends per share

    $ 0.05      $ 0.46  
  

 

 

     

 

 

  

ASC Topic 260, “Earnings Per Share” requires companies with unvested participating securities to utilize a two-class method for the computation of net income attributable to Company per share. The two-class method requires a portion of net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. Net loss attributable to Company allocated to these participating securities was immaterial for the three months ended March 31, 2017 and therefore not excluded from net income attributable to Company per share calculation.

The Company had stock options outstanding that were anti-dilutive totaling 13 million and 15 million for the three months ended March 31, 2017 and 2016, respectively.