EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHAREPG&E Corporation’s basic EPS is calculated by dividing the income (loss) attributable to common shareholders by the weighted average number of common shares outstanding.  PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS.  The following is a reconciliation of PG&E Corporation’s income (loss) attributable to common shareholders and weighted average common shares outstanding for calculating diluted EPS:

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions, except per share amounts)	2021		2020		2021		2020
Income (loss) attributable to common shareholders	$	397	$	(1,972)	$	517	$	(1,601)
Weighted average common shares outstanding, basic	1,985		529		1,985		529
Add incremental shares from assumed conversions:
Employee share-based compensation	5		—		5		—
Equity Units	156		—		156		—
Weighted average common shares outstanding, diluted	2,146		529		2,146		529
Total income (loss) per common share, diluted	$	0.18	$	(3.73)	$	0.24	$	(3.03)

All potentially dilutive securities were excluded from the calculation of outstanding common shares on a diluted basis in periods where PG&E Corporation has incurred a net loss.