Earnings (loss) Per Share ("EPS")

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings (loss) Per Share ("EPS")

8. Earnings (loss) Per Share (“EPS”)

For the three and nine months ended September 30, 2015 and 2014, 6,509,775 and 6,540,227, 1,233,385 and 2,083,908, respectively, of stock options, restricted stock awards (“RSAs”), restricted stock units (“RSUs”), and performance share awards (“PSAs”) were excluded from the computation of diluted earnings (loss) per share due to their antidilutive effect. 

Basic and diluted earnings (loss) per share follows (in millions, except share data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
Numerator for basic and diluted net income (loss) per    share attributable to the Company's stockholders:
Net income (loss) attributable to the Company's    stockholders (1)	$	(224	)	$	32	$	(253	)	$	100
Denominator for basic earnings (loss) per share    attributable to the Company's stockholders:
Weighted average common shares outstanding		107,188,092			107,061,639		107,160,921			107,055,932
Effect of dilutive securities:
Dilutive effect of stock-based compensation		—			563,604		—			492,235
Denominator for diluted earnings (loss) per share    attributable to the Company's stockholders		107,188,092			107,625,243		107,160,921			107,548,167
Earnings (loss) per share attributable to the Company's    stockholders:
Basic	$	(2.09	)	$	0.30	$	(2.36	)	$	0.93
Diluted	$	(2.09	)	$	0.30	$	(2.36	)	$	0.93

⁽¹⁾ Losses are not allocated to nonvested shares in periods that the Company determines that those shares are not obligated to participate in losses.