11.

Net Income (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					Six Months Ended
	June 30,					June 30,
	2018		2017			2018			2017
Numerator:
Net income (loss) attributable to Company	$	24	$	(75	)	$	(44	)	$	(197	)

Denominator:
Basic—weighted average common shares outstanding		378		377			377			377
Dilutive effect of employee stock options and other unvested stock awards		3		—			—			—

Diluted outstanding shares		381		377			377			377

Net income (loss) attributable to Company per share:
Basic	$	0.06	$	(0.20	)	$	(0.12	)	$	(0.52	)

Diluted	$	0.06	$	(0.20	)	$	(0.12	)	$	(0.52	)

Cash dividends per share	$	0.05	$	0.05		$	0.10		$	0.10

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 income (loss) attributable to Company allocated to these participating securities was immaterial for the three and six months ended June 30, 2018 and 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 18 million for each of the three and six months ended June 30, 2018, and 18 million shares and 13 million shares for each of the three and six months ended June 30, 2017, respectively.