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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | 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 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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