Net Income (Loss) Attributable to Company Per Share

6 Months Ended

Jun. 30, 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					Six Months Ended
	June 30,					June 30,
	2019			2018		2019			2018
Numerator:
Net income (loss) attributable to Company	$	(5,389	)	$	24	$	(5,466	)	$	(44	)
Denominator:
Basic—weighted average common shares outstanding		382			378		381			377
Dilutive effect of employee stock options and other
unvested stock awards		—			3		—			—
Diluted outstanding shares		382			381		381			377

Net income (loss) attributable to Company per share:
Basic	$	(14.11	)	$	0.06	$	(14.35	)	$	(0.12	)
Diluted	$	(14.11	)	$	0.06	$	(14.35	)	$	(0.12	)

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

Companies with unvested participating securities are required 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 participating securities was immaterial for each of the three and six months ended June 30, 2019 and 2018.

The Company had stock options outstanding that were anti-dilutive totaling 25 million and 21 million shares for the three and six months ended June 30, 2019, compared to 18 million shares for each of the three and six months ended June 30, 2018.