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Earnings (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Share

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

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to NOW Inc.

$

40

 

 

$

5

 

 

$

96

 

 

$

(7

)

Less: net income attributable to participating securities

 

(1

)

 

 

—

 

 

 

(1

)

 

 

—

 

Net income (loss) attributable to NOW Inc. stockholders

$

39

 

 

$

5

 

 

$

95

 

 

$

(7

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic common shares outstanding

 

110,863,381

 

 

 

110,558,831

 

 

 

110,747,087

 

 

 

110,351,625

 

Effect of dilutive securities

 

569,398

 

 

 

71,857

 

 

 

363,754

 

 

 

—

 

Weighted average diluted common shares outstanding

 

111,432,779

 

 

 

110,630,688

 

 

 

111,110,841

 

 

 

110,351,625

 

Earnings (loss) per share attributable to NOW Inc. stockholders:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.35

 

 

$

0.05

 

 

$

0.85

 

 

$

(0.06

)

Diluted

$

0.35

 

 

$

0.05

 

 

$

0.85

 

 

$

(0.06

)