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Net Income (Loss) Attributable to Company Per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
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,

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

Net loss attributable to Company

$

(50

)

 

$

(115

)

Denominator:

 

 

 

 

 

Basic—weighted average common shares outstanding

 

387

 

 

 

385

 

Dilutive effect of employee stock options and other
unvested stock awards

 

—

 

 

 

—

 

Diluted outstanding shares

 

387

 

 

 

385

 

 

 

 

 

 

 

Net loss attributable to Company per share:

 

 

 

 

 

Basic

$

(0.13

)

 

$

(0.30

)

Diluted

$

(0.13

)

 

$

(0.30

)

 

 

 

 

 

 

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 loss attributable to Company allocated to these participating securities was immaterial for the three months ended March 31, 2022 and 2021 and therefore not excluded from net income attributable to Company per share calculation.

The Company had stock options outstanding that were anti-dilutive totaling 22 million and 24 million shares for each of the three months ended March 31, 2022 and 2021, respectively.