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Earnings (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings (Loss) Per Share
Basic and diluted earnings (loss)
per
share are calculated by dividing each income (loss) category presented below by the weighted-average basic and diluted common shares outstanding for the years ended December 31:
                         
(Amounts in millions, except per share amounts)
  
2019
 
  
2018
 
  
2017
 
Weighted-average common shares used in basic earnings (loss) per share calculations
 
 
502.9
 
  
 
500.4
 
  
 
499.0
 
Potentially dilutive securities:
   
     
     
 
Stock options, restricted stock units and stock appreciation rights
 
 
6.8
 
  
 
—
 
  
 
2.4
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Weighted-average common shares used in diluted earnings (loss) per share calculations
(1)
 
 
509.7
 
  
 
500.4
 
  
 
501.4
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Income (loss) from continuing operations:
 
 
 
  
 
 
  
 
 
Income from continuing operations
 
$
519
 
  
$
67
 
  
$
533
 
Less: net income (loss) from continuing operations attributable to noncontrolling interests
 
 
64
 
  
 
70
 
  
 
(80
)
 
 
 
 
 
  
 
 
 
  
 
 
 
Income (loss) from continuing operations available to Genworth Financial, Inc.’s
 
common stockholders 
 
$
455
 
  
$
(3
)
  
$
613
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Basic per share
 
$
0.90
 
  
$
(0.01
)
  
$
1.23
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Diluted per share
 
$
0.89
 
  
$
(0.01
)
  
$
1.22
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Income (loss) from discontinued operations:
 
 
 
  
 
 
  
 
 
Income from discontinued operations, net of taxes
 
$
11
 
  
$
230
 
  
$
394
 
Less: net income from discontinued operations attributable to noncontrolling interests
 
 
123
 
  
 
108
 
  
 
190
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Income (loss) from discontinued operations available to Genworth Financial, Inc.’s common stockholders
 
$
(112
) 
  
$
122
 
  
$
204
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Basic per share
 
$
(0.22
) 
  
$
0.24
 
  
$
0.41
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Diluted per share
 
$
(0.22
) 
  
$
0.24
 
  
$
0.41
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Net income:
 
 
 
  
 
 
  
 
 
Income from continuing operations
 
$
519
 
  
$
67
 
  
$
533
 
Income from discontinued operations, net of taxes
 
 
11
 
  
 
230
 
  
 
394
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Net income
 
 
530
 
  
 
297
 
  
 
927
 
Less: net income attributable to noncontrolling interests
 
 
187
 
  
 
178
 
  
 
110
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Net income available to Genworth Financial, Inc.’s common stockholders
 
$
343
 
  
$
119
 
  
$
817
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Basic per share
 
(2)
 
$
0.68
 
  
$
0.24
 
  
$
1.64
 
 
 
 
 
 
  
 
 
 
  
 
 
 
Diluted per share
 
(2)
 
$
0.67
 
  
$
0.24
 
  
$
1.63
 
                         
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
 Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of our loss from continuing operations available to Genworth Financial, Inc.’s common stockholders for the year ended December 31, 2018, we were required to use basic weighted-average common shares outstanding as the inclusion of shares for stock options, restricted stock units (“RSUs”) and stock appreciation rights (“SARs”) of
3.8
million would have been
antidilutive
to the calculation. If we had not incurred a loss from continuing operations available to
Genworth
Financial, Inc.’s common stockholders for the year ended December 31, 2018, dilutive potential weighted-average common shares outstanding would have been
504.2
 million.
(2)
May not total due to whole number
calculation.