XML 36 R20.htm IDEA: XBRL DOCUMENT

Net Income (Loss) Attributable to Company Per Share

3 Months Ended

Mar. 31, 2019

Net Income (Loss) Attributable to Company Per Share

12.	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
	March 31,
	2019			2018
Numerator:
Net loss attributable to Company	$	(77	)	$	(68	)
Denominator:
Basic—weighted average common shares outstanding		380			377
Dilutive effect of employee stock options and other
unvested stock awards		—			—
Diluted outstanding shares		380			377

Net loss attributable to Company per share:
Basic	$	(0.20	)	$	(0.18	)
Diluted	$	(0.20	)	$	(0.18	)

Cash dividends per share	$	0.05		$	0.05

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 months ended March 31, 2019 and 2018 and therefore not excluded from net income attributable to Company per share calculation.

The Company had stock options outstanding that were anti-dilutive totaling 21 million shares and 19 million shares for each of the three months ended March 31, 2019 and 2018, respectively.