EARNINGS PER SHARE

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(in millions, except per share amounts)	2021		2020		2021		2020
Income (loss) attributable to common shareholders	$	(1,091)	$	83	$	(574)	$	(1,518)
Weighted average common shares outstanding, basic	1,985		1,967		1,985		1,012
Add incremental shares from assumed conversions:
Employee share-based compensation	—		5		—		—
Equity Units	—		168		—		—
Weighted average common shares outstanding, diluted	1,985		2,140		1,985		1,012
Total income (loss) per common share, diluted	$	(0.55)	$	0.04	$	(0.29)	$	(1.50)

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.