XML 48 R32.htm IDEA: XBRL DOCUMENT
v3.22.4

EARNINGS (LOSS) PER SHARE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Earnings Per Share [Abstract] |
Calculation of Earnings (Loss) Per Common Share | The following table presents the calculation of net earnings (loss) per common share — basic and diluted:
(In millions, except per share amounts) |  | 2022 |  |  | 2021 |  |  | 2020 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | 178 |  |  | $ | 187 |  |  | $ | (63 | )
Loss from discontinued operations, net of tax |  |  | (12 | ) |  |  | (395 | ) |  |  | (256 | )
Net income (loss) |  | $ | 166 |  |  | $ | (208 | ) |  | $ | (319 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 48 |  |  |  | 53 |  |  |  | 53 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 3.73 |  |  | $ | 3.54 |  |  | $ | (1.20 | )
Discontinued operations |  |  | (0.25 | ) |  |  | (7.47 | ) |  |  | (4.85 | )
Net basic earnings (loss) per share |  | $ | 3.48 |  |  | $ | (3.93 | ) |  | $ | (6.05 | )
Diluted Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  | $ | 178 |  |  | $ | 187 |  |  | $ | (63 | )
Loss from discontinued operations, net of tax |  |  | (12 | ) |  |  | (395 | ) |  |  | (256 | )
Net income (loss) |  | $ | 166 |  |  | $ | (208 | ) |  | $ | (319 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 48 |  |  |  | 53 |  |  |  | 53 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Stock options and restricted stock |  |  | 1 |  |  |  | 2 |  |  |  | — |
Diluted weighted-average shares outstanding |  |  | 49 |  |  |  | 55 |  |  |  | 53 |
Diluted earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 3.61 |  |  | $ | 3.42 |  |  | $ | (1.20 | )
Discontinued operations |  |  | (0.24 | ) |  |  | (7.21 | ) |  |  | (4.85 | )
Net diluted earnings (loss) per share |  | $ | 3.37 |  |  | $ | (3.79 | ) |  | $ | (6.05 | )

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration