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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share | Basic and diluted earnings per share are calculated by dividing each income (loss) category presented below by the weighted-average basic and diluted common shares outstanding for the periods indicated:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
(Amounts in millions, except per share amounts) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Weighted-average common shares used in basic earnings per share calculations |  |  | 436.4 |  |  |  | 473.2 |  |  |  | 439.7 |  |  |  | 482.7 |
Potentially dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance stock units, restricted stock units and other equity-based awards |  |  | 4.3 |  |  |  | 4.9 |  |  |  | 5.8 |  |  |  | 6.4 |
Weighted-average common shares used in diluted earnings per share calculations |  |  | 440.7 |  |  |  | 478.1 |  |  |  | 445.5 |  |  |  | 489.1 |
Income from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 111 |  |  | $ | 166 |  |  | $ | 281 |  |  | $ | 320 |
Less: net income from continuing operations attributable to noncontrolling interests |  |  | 34 |  |  |  | 31 |  |  |  | 64 |  |  |  | 63 |
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders |  | $ | 77 |  |  | $ | 135 |  |  | $ | 217 |  |  | $ | 257 |
Basic per share |  | $ | 0.18 |  |  | $ | 0.28 |  |  | $ | 0.49 |  |  | $ | 0.53 |
Diluted per share |  | $ | 0.17 |  |  | $ | 0.28 |  |  | $ | 0.49 |  |  | $ | 0.53 |
Income (loss) from discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net of taxes |  | $ | (1 | ) |  | $ | 2 |  |  | $ | (2 | ) |  | $ | 2 |
Basic per share |  | $ | — |  |  | $ | 0.01 |  |  | $ | — |  |  | $ | 0.01 |
Diluted per share |  | $ | — |  |  | $ | 0.01 |  |  | $ | — |  |  | $ | 0.01 |
Net income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 111 |  |  | $ | 166 |  |  | $ | 281 |  |  | $ | 320 |
Income (loss) from discontinued operations, net of taxes |  |  | (1 | ) |  |  | 2 |  |  |  | (2 | ) |  |  | 2 |
Net income |  |  | 110 |  |  |  | 168 |  |  |  | 279 |  |  |  | 322 |
Less: net income attributable to noncontrolling interests |  |  | 34 |  |  |  | 31 |  |  |  | 64 |  |  |  | 63 |
Net income available to Genworth Financial, Inc.’s common stockholders |  | $ | 76 |  |  | $ | 137 |  |  | $ | 215 |  |  | $ | 259 |
Basic per share (1) |  | $ | 0.17 |  |  | $ | 0.29 |  |  | $ | 0.49 |  |  | $ | 0.54 |
Diluted per share (1) |  | $ | 0.17 |  |  | $ | 0.29 |  |  | $ | 0.48 |  |  | $ | 0.53 |
(1) | May not total due to whole number calculation.

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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