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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2020
Earnings Per Share [Abstract] |
Schedule of calculation of basic and diluted EPS | The following table presents the calculation of basic and diluted EPS.
| Successor |  |  | Predecessor
| November 1, 2020 - December 31, 2020 |  |  | January 1, 2020 - October 31, 2020 |  | Years ended December 31,
|  |  |  | 2019 |  | 2018
(in millions, except per share amounts) |  |  |  |  |  |  |  |
Basic EPS calculation |  |  |  |
Net income (loss) | $ | (125) |  |  |  | $ | 1,996 |  |  | $ | 99 |  |  | $ | 429 |
Less: Net income attributable to noncontrolling interests | 2 |  |  |  | (107) |  |  | (127) |  |  | (101) |
Net (loss) income attributable to common stock | (123) |  |  |  | 1,889 |  |  | (28) |  |  | 328 |
Less: Net income allocated to participating securities | — |  |  |  | (22) |  |  | — |  |  | (7) |
Modification of noncontrolling interest(a) | — |  |  |  | 138 |  |  | — |  |  | — |
Net (loss) income available to common stockholders | $ | (123) |  |  |  | $ | 2,005 |  |  | $ | (28) |  |  | $ | 321 |
Weighted-average common shares outstanding | 83.3 |  |  |  | 49.4 |  |  | 49.0 |  |  | 47.4 |
Basic EPS | $ | (1.48) |  |  |  | $ | 40.59 |  |  | $ | (0.57) |  |  | $ | 6.77 |
Diluted EPS calculation |  |  |  |  |  |  |  |
Net income (loss) | $ | (125) |  |  |  | $ | 1,996 |  |  | $ | 99 |  |  | $ | 429 |
Less: Net income attributable to noncontrolling interests | 2 |  |  |  | (107) |  |  | (127) |  |  | (101) |
Net (loss) income attributable to common stock | (123) |  |  |  | 1,889 |  |  | (28) |  |  | 328 |
Less: Net income allocated to participating securities | — |  |  |  | (22) |  |  | — |  |  | (7) |
Modification of noncontrolling interest(a) | — |  |  |  | 138 |  |  | — |  |  | — |
Net (loss) income available to common stockholders | $ | (123) |  |  |  | $ | 2,005 |  |  | $ | (28) |  |  | $ | 321 |
Weighted-average common shares outstanding - Basic | 83.3 |  |  |  | 49.4 |  |  | 49.0 |  |  | 47.4 |
Dilutive effect of potentially dilutive securities | — |  |  |  | 0.2 |  |  | — |  |  | — |
Weighted-average common shares outstanding - Diluted | 83.3 |  |  |  | 49.6 |  |  | 49.0 |  |  | 47.4 |
Diluted EPS | $ | (1.48) |  |  |  | $ | 40.42 |  |  | $ | (0.57) |  |  | $ | 6.77 |
Weighted-average antidilutive shares | 4.4 |  |  |  | 4.0 |  |  | 3.1 |  |  | 1.6 |
(a) Modification of noncontrolling interest relates to the deemed redemption of ECR's noncontrolling interest in the Ares JV in the third quarter of 2020. For more information on the Ares JV and the Settlement Agreement, see Note 7 Joint Ventures.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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