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Earnings (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share follows (in millions, except share data)

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to the Company

$

(30

)

 

$

14

 

 

$

(361

)

 

$

32

 

Less: net income attributable to participating securities

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to the Company's stockholders

$

(30

)

 

$

14

 

 

$

(361

)

 

$

32

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

109,337,545

 

 

 

108,750,705

 

 

 

109,294,719

 

 

 

108,653,949

 

Effect of dilutive securities

 

 

 

 

561,020

 

 

 

 

 

 

532,723

 

Weighted average diluted common shares outstanding

 

109,337,545

 

 

 

109,311,725

 

 

 

109,294,719

 

 

 

109,186,672

 

Earnings (loss) per share attributable to the Company's stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(0.27

)

 

$

0.12

 

 

$

(3.30

)

 

$

0.29

 

Diluted

$

(0.27

)

 

$

0.12

 

 

$

(3.30

)

 

$

0.29