XML 35 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Net Loss Attributable to Company Per Share
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Net Loss Attributable to Company Per Share

12.

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,

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

Net loss attributable to Company

$

(115

)

 

$

(2,047

)

Denominator:

 

 

 

 

 

 

 

Basic—weighted average common shares outstanding

 

385

 

 

 

383

 

Dilutive effect of employee stock options and other

 

 

 

 

 

 

 

unvested stock awards

 

—

 

 

 

—

 

Diluted outstanding shares

 

385

 

 

 

383

 

 

 

 

 

 

 

 

 

Net loss attributable to Company per share:

 

 

 

 

 

 

 

Basic

$

(0.30

)

 

$

(5.34

)

Diluted

$

(0.30

)

 

$

(5.34

)

 

 

 

 

 

 

 

 

Cash dividends per share

$

—

 

 

$

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, 2021 and 2020 and therefore not excluded from net income attributable to Company per share calculation.

The Company had stock options outstanding that were anti-dilutive totaling 24 million shares and 27 million shares for each of the three months ended March 31, 2021 and 2020, respectively.