Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2020

The following table presents the calculation of basic and diluted earnings (loss) per share ("EPS"):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
	(in millions, except per share amounts)
Basic EPS:
Numerator:
Net income (loss) attributable to Hilton stockholders	$	(79)	$	288	$	(491)	$	706
Denominator:
Weighted average shares outstanding	277		285		277		289
Basic EPS	$	(0.29)	$	1.01	$	(1.77)	$	2.44

Diluted EPS:
Numerator:
Net income (loss) attributable to Hilton stockholders	$	(79)	$	288	$	(491)	$	706
Denominator:
Weighted average shares outstanding(1)	279		288		279		292
Diluted EPS	$	(0.28)	$	1.00	$	(1.76)	$	2.42

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(1)Approximately 1 million share-based compensation awards were excluded from the computation of diluted EPS for the three and nine months ended September 30, 2020 and 2019 because their effect would have been anti-dilutive under the treasury stock method.