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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2024
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 March 31,

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

Net income attributable to DNOW Inc.

$

21

 

 

$

31

 

Less: net income attributable to participating securities

 

 

 

 

 

Net income attributable to DNOW Inc. stockholders

$

21

 

 

$

31

 

Denominator:

 

 

 

 

 

Weighted average basic common shares outstanding

 

106,445,323

 

 

 

110,006,858

 

Effect of dilutive securities

 

902,398

 

 

 

1,209,998

 

Weighted average diluted common shares outstanding

 

107,347,721

 

 

 

111,216,856

 

Earnings per share attributable to DNOW Inc. stockholders:

 

 

 

 

 

Basic

$

0.20

 

 

$

0.28

 

Diluted

$

0.19

 

 

$

0.28