Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2021

9. Earnings (Loss) Per Share

For the three and six months ended June 30, 2021, approximately 6 million of potentially dilutive shares were excluded in both periods from the computation of diluted earnings per share due to the Company recognizing a net loss, compared to approximately 6 million for the corresponding periods of 2020.

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
Numerator:
Net loss attributable to the Company's stockholders	$	(2	)	$	(30	)	$	(12	)	$	(361	)
Denominator:
Weighted average basic common shares outstanding		110,419,322			109,337,545			110,246,306			109,294,719
Effect of dilutive securities		—			—			—			—
Weighted average diluted common shares outstanding		110,419,322			109,337,545			110,246,306			109,294,719
Loss per share attributable to the Company's stockholders:
Basic	$	(0.02	)	$	(0.27	)	$	(0.11	)	$	(3.30	)
Diluted	$	(0.02	)	$	(0.27	)	$	(0.11	)	$	(3.30	)

Under ASC Topic 260, “Earnings Per Share”, the two-class method requires a portion of net income attributable to the Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. Net loss is not allocated to unvested awards in periods the Company determines that those shares are not obligated to participate in losses.