Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended March 31,
(In millions, except per share data)	2022		2021
Numerator:
Net income attributable to Realogy Holdings shareholders	$	23	$	33
Denominator:
Weighted average common shares outstanding (denominator for basic earnings per share calculation)	117.1		115.9
Dilutive effect of stock-based compensation awards (a)	3.3		2.5
Dilutive effect of Exchangeable Senior Notes and warrants (b)	—
Weighted average common shares outstanding (denominator for diluted earnings per share calculation)	120.4		118.4
Earnings per share attributable to Realogy Holdings shareholders:
Basic earnings per share	$	0.20	$	0.28
Diluted earnings per share	$	0.19	$	0.28

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(a)The three months ended March 31, 2022 and 2021, respectively, exclude 3.5 million and 5.8 million shares of common stock issuable for incentive equity awards which includes performance share units based on the achievement of target amounts, that are anti-dilutive to the diluted earnings per share computation.

(b)Shares to be provided to the Company from the exchangeable note hedge transactions purchased concurrently with its issuance of Exchangeable Senior Notes in June 2021 are anti-dilutive and therefore they are not treated as a reduction to its diluted shares.