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Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2022

The following table sets forth the computation of basic and diluted loss per share of common stock:


	Year Ended December 31,
(in millions, except per share data. Shares in thousands)	2022		2021		2020
Basic Net Earnings (Loss) per Share:
Net Income (Loss)	$	(182)	$	(28)	$	(118)
Dividend - Preferred Stock	(10)		(10)		(10)


Adjusted Net Income (Loss) Available to Common Shareholders - Basic	$	(192)	$	(38)	$	(128)

Diluted Net Earnings (Loss) per Share:
Net Income (Loss)	$	(182)	$	(28)	$	(118)
Dividend - Preferred Stock	(10)		(10)		(10)


Adjusted Net Income (Loss) Available to Common Shareholders - Diluted	$	(192)	$	(38)	$	(128)

Weighted Average Common Shares Outstanding - Basic	215,886		212,719		210,018
Common Shares Issuable with Respect to:
Restricted Stock And Performance Units / Shares	0		0		0

Weighted Average Common Shares Outstanding - Diluted	215,886		212,719		210,018

Net Earnings (Loss) per Share:
Basic	$	(0.89)	$	(0.18)	$	(0.61)
Diluted	$	(0.89)	$	(0.18)	$	(0.61)

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/units	5,469		8,210		12,286

Convertible preferred stock	5,393		5,393		5,393
Total Anti-Dilutive and Contingently Issuable Securities	10,862		13,603		17,679