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Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) per Share
The Company did not declare any common stock dividends in the periods presented.
The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock:
 Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions, except per share data in whole dollars and shares in thousands)2022202120222021
Basic Net Earnings (Loss) per Share:
Net Income (Loss)$15 $11 $151 $12 
Dividend - Preferred Stock(2)(2)(7)(7)
Adjusted Net Income (Loss) Available to Common Shareholders - Basic$13 $$144 $
Diluted Net Earnings (Loss) per Share:
Net Income (Loss)$15 $11 $151 $12 
Dividend - Preferred Stock(2)(2)(7)(7)
Adjusted Net Income (Loss) Available to Common Shareholders - Diluted$13 $$144 $
Weighted Average Common Shares Outstanding - Basic215,775 212,633 215,632 212,438 
Common Shares Issuable With Respect To:
Restricted Stock And Performance Units / Shares3,668 7,184 3,384 7,239 
8% Convertible Preferred Stock— — — — 
Weighted Average Common Shares Outstanding - Diluted219,443 219,817 219,016 219,677 
Net Earnings (Loss) per Share:
Basic$0.06 $0.04 $0.67 $0.02 
Diluted$0.06 $0.04 $0.66 $0.02 
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands):
Restricted stock and performance shares/units5,717 3,606 5,705 2,229 
Convertible preferred stock5,393 5,393 5,393 5,393 
Total Anti-Dilutive and Contingently Issuable Securities11,110 8,999 11,098 7,622