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Earnings Per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 11. Earnings Per Share For the three months ended March 31, 2023 and 2022, approximately 1 million and 4 million of potentially dilutive shares were excluded from the computation of diluted earnings per share due to their antidilutive effect. Basic and diluted earnings per share are as follows (in millions, except share data):
| Three Months Ended March 31, |
| 2023 |  |  | 2022 |
Numerator: |  |  |  |  |
Net income attributable to NOW Inc. | $ | 31 |  |  | $ | 30 |
Less: net income attributable to participating securities |  | — |  |  |  | — |
Net income attributable to NOW Inc. stockholders | $ | 31 |  |  | $ | 30 |
Denominator: |  |  |  |  |
Weighted average basic common shares outstanding |  | 110,006,858 |  |  |  | 110,602,943 |
Effect of dilutive securities |  | 1,209,998 |  |  |  | 219,574 |
Weighted average diluted common shares outstanding |  | 111,216,856 |  |  |  | 110,822,517 |
Earnings per share attributable to NOW Inc. stockholders: |  |  |  |  |
Basic | $ | 0.28 |  |  | $ | 0.27 |
Diluted | $ | 0.28 |  |  | $ | 0.27 |
Under ASC Topic 260, “Earnings Per Share”, the two-class method requires a portion of net income attributable to NOW Inc. 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. For the periods that the Company recognized net income, net income allocated to these participating securities was excluded from net income attributable to NOW Inc. stockholders in the numerator of the earnings per share computation.

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