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Earnings Per Share | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 11. Earnings Per Share For the three and six months ended June 30, 2023, approximately 2 million in both periods, of potentially dilutive shares were excluded from the computation of diluted earnings per share due to their antidilutive effect, compared to approximately 2 million and 3 million, respectively, for the corresponding periods of 2022. Basic and diluted earnings per share are as follows (in millions, except share data):
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income attributable to NOW Inc. | $ | 34 |  |  | $ | 26 |  |  | $ | 65 |  |  | $ | 56 |
Less: net income attributable to participating securities |  | (1 | ) |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | )
Net income attributable to NOW Inc. stockholders | $ | 33 |  |  | $ | 25 |  |  | $ | 64 |  |  | $ | 55 |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Weighted average basic common shares outstanding |  | 107,249,498 |  |  |  | 110,772,042 |  |  |  | 108,428,199 |  |  |  | 110,687,985 |
Effect of dilutive securities |  | 878,013 |  |  |  | 302,291 |  |  |  | 1,044,006 |  |  |  | 260,932 |
Weighted average diluted common shares outstanding |  | 108,127,511 |  |  |  | 111,074,333 |  |  |  | 109,472,205 |  |  |  | 110,948,917 |
Earnings per share attributable to NOW Inc. stockholders: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.31 |  |  | $ | 0.23 |  |  | $ | 0.59 |  |  | $ | 0.50 |
Diluted | $ | 0.31 |  |  | $ | 0.23 |  |  | $ | 0.59 |  |  | $ | 0.50 |
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. Net income attributable 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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