XML 29 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share
 3 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

The following is the computation of basic and diluted EPS for the three months ended December 31, 2017 and 2016. EPS is reported under the treasury stock method.

 
 
Three months ended
 
 
December 31
(In millions except per share data)
 
2017
 
2016
Numerator
 
 
 
 
Net (loss) income
 
$
(10
)
 
$
72

Denominator
 
 
 
 
Weighted average shares used to compute basic EPS
 
202

 
205

Effect of dilutive securities (a)
 
—

 
—

Weighted average shares used to compute diluted EPS
 
202

 
205

 
 
 
 
 
(Loss) earnings per share
 
 
 
 
Basic
 
$
(0.05
)
 
$
0.35

Diluted
 
$
(0.05
)
 
$
0.35

 
 
 
 
 
(a) For the three months ended December 31, 2017, due to the net loss attributable to Valvoline common stockholders, potential common shares primarily related to stock-based compensation plans of approximately 1 million were excluded from the diluted share count because their effect would have been anti-dilutive. During the three months ended December 31, 2016, there was not a significant dilutive impact from potential common shares.