EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2018


	Three months ended				Nine months ended
	September 30,				September 30,
	2018		2017		2018		2017
	(in millions, except per-share amounts)
Net income (loss)	$	91	$	(132)	$	37	$	(127)
Net income attributable to noncontrolling interest		(25)		(1)		(55)		(1)
Net income (loss) attributable to common stock		66		(133)		(18)		(128)
Less: net income allocated to participating securities		(1)		—		—		—
Net income (loss) available to common stockholders	$	65	$	(133)	$	(18)	$	(128)
Weighted-average common shares outstanding - basic		48.5		42.7		47		42.5
Basic EPS	$	1.34	$	(3.11)	$	(0.38)	$	(3.01)

Net income (loss)	$	91	$	(132)	$	37	$	(127)
Net income attributable to noncontrolling interest		(25)		(1)		(55)		(1)
Net income (loss) attributable to common stock		66		(133)		(18)		(128)
Less: net income allocated to participating securities		(1)		—		—		—
Net income (loss) available to common stockholders	$	65	$	(133)	$	(18)	$	(128)
Weighted-average common shares outstanding - basic		48.5		42.7		47		42.5
Dilutive effect of potentially dilutive securities		0.6		—		—		—
Weighted-average common shares outstanding - diluted		49.1		42.7		47		42.5
Diluted EPS	$	1.32	$	(3.11)	$	(0.38)	$	(3.01)
Weighted-average anti-dilutive shares(a)		1.1		2.5		2.8		2.6

Anti-dilutive shares represent potentially dilutive securities that are excluded from the computation of diluted EPS. In periods of income, anti-dilutive shares primarily include the effect of out-of-the-money stock options. In periods of loss, anti-dilutive shares include stock options and unvested awards.