Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Weighted Average Number of Shares

The elements used in the computation of basic and diluted (loss)/earnings per share were as follows:


(In millions - except per share amounts)	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022


Net (loss)/earnings available to common shareholders	($563)	($1,026)	($149)	$193
Basic
Basic weighted average shares outstanding	603.9	592.8	605.5	594.0
Less: participating securities(1)	0.3	0.3	0.3	0.3
Basic weighted average common shares outstanding	603.6	592.5	605.2	593.7
Diluted
Basic weighted average shares outstanding	603.9	592.8	605.5	594.0
Dilutive potential common shares(2)				2.4
Diluted weighted average shares outstanding	603.9	592.8	605.5	596.4
Less: participating securities(1)	0.3	0.3	0.3	0.3
Diluted weighted average common shares outstanding	603.6	592.5	605.2	596.1
Net (loss)/earnings per share:
Basic	($0.93)	($1.73)	($0.25)	$0.32
Diluted	(0.93)	(1.73)	(0.25)	0.32

(1)Participating securities include certain instruments in our deferred compensation plan.

(2)Diluted (loss)/earnings per share includes any dilutive impact of stock options, restricted stock units,

performance-based restricted stock units and performance awards.

Schedule of Weighted Average Number of Shares Outstanding Excluded from the Computation of Diluted Earnings Per Share

The following table represents potential common shares that were not included in the computation of diluted (loss)/earnings per share because the effect was antidilutive based on their strike price or the performance condition was not met.


(Shares in millions)	Six months ended June 30		Three months ended June 30
	2023	2022	2023	2022
Performance awards		1.9		2.3
Performance-based restricted stock units		0.4		0.4

Restricted stock units		1.2		2.0
Stock options	0.8	0.7	0.8	0.8