Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Reconciliation of the Earnings and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share

The table below presents the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share:


	Three Months Ended
(in millions, except per share amounts)	March 31, 2021		March 31, 2020
Computation of Basic (Loss) Earnings Per Share
Net (loss) income	$	(11)	$	31
Shares for basic (loss) earnings per share	326.7		325.4
Basic (loss) earnings per share	$	(0.03)	$	0.10
Computation of Diluted (Loss) Earnings Per Share
Net (loss) income	$	(11)	$	31
Shares for basic (loss) earnings per share	326.7		325.4
Effect of dilutive securities
Stock-based compensation (1)	—		2.0
Shares for diluted (loss) earnings per share	326.7		327.4
Diluted (loss) earnings per share	$	(0.03)	$	0.09

(1) For the calculation of diluted loss per share for the three months ended March 31, 2021, we excluded stock-based compensation securities of 2.3 million because the effect was anti-dilutive.