Net Income (Loss) Attributable to Company Per Share

9 Months Ended

Sep. 30, 2021

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						Nine Months Ended
	September 30,						September 30,
	2021			2020			2021			2020
Numerator:
Net loss attributable to Company	$	(69	)	$	(55	)	$	(210	)	$	(2,195	)
Denominator:
Basic—weighted average common shares outstanding		387			385			386			384
Dilutive effect of employee stock options and other
unvested stock awards		—			—			—			—
Diluted outstanding shares		387			385			386			384

Net loss attributable to Company per share:
Basic	$	(0.18	)	$	(0.14	)	$	(0.54	)	$	(5.72	)
Diluted	$	(0.18	)	$	(0.14	)	$	(0.54	)	$	(5.72	)

Cash dividends per share	$	—		$	-		$	—		$	0.05

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 nine months ended September 30, 2021 and 2020, respectively.

The Company had stock options outstanding that were anti-dilutive totaling 23 million and 21 million shares for the three and nine months ended September 30, 2021, respectively, compared to 26 million shares for each of the three and nine months ended September 30, 2020, respectively.