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Loss Per Share
9 Months Ended
Sep. 30, 2018
Loss Per Share  
Loss Per Share

Note 11—Loss Per Share

The numerator and denominator used for the computation of basic and diluted per share loss were as follows (in millions, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 

 

Nine months ended September 30, 

 

 

 

2018

 

2017

 

2018

 

2017

 

 

    

Basic

 

Diluted

    

Basic

    

Diluted

 

Basic

    

Diluted

    

Basic

    

Diluted

 

Numerator for loss per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to controlling interest

 

$

(409)

 

$

(409)

 

$

(1,417)

 

$

(1,417)

 

$

(1,754)

 

$

(1,754)

 

$

(3,016)

 

$

(3,016)

 

Undistributed earnings allocable to participating securities

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Net loss available to shareholders

 

$

(409)

 

$

(409)

 

$

(1,417)

 

$

(1,417)

 

$

(1,754)

 

$

(1,754)

 

$

(3,016)

 

$

(3,016)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for loss per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

463

 

 

463

 

 

391

 

 

391

 

 

454

 

 

454

 

 

391

 

 

391

 

Effect of share-based awards and other equity instruments

 

 

 

 

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Weighted-average shares for per share calculation

 

 

463

 

 

463

 

 

391

 

 

391

 

 

454

 

 

454

 

 

391

 

 

391

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per share loss

 

$

(0.88)

 

$

(0.88)

 

$

(3.62)

 

$

(3.62)

 

$

(3.86)

 

$

(3.86)

 

$

(7.72)

 

$

(7.72)

 

In the three and nine months ended September 30, 2018, we excluded from the calculation 10.7 million share‑based awards since the effect would have been anti‑dilutive.  In the three and nine months ended September 30, 2017, we excluded from the calculation 5.6 million and 4.7 million share‑based awards, respectively, since the effect would have been anti‑dilutive.  In the three and nine months ended September 30, 2018, we excluded from the calculation 84.0 million and 74.9 million shares issuable upon conversion of the Exchangeable Bonds, respectively, since the effect would have been anti‑dilutive.