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Loss Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted loss per share for the three and six months ended June 30, 2018 and 2017.

 

(U.S. dollars in millions, except per share amounts)

 

Three Months Ended June 30

 

 

Six Months Ended June 30

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common shareholders

 

$

(63

)

 

$

(28

)

 

$

(95

)

 

$

(48

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic: Weighted average number of shares outstanding (in millions)

 

 

87.13

 

 

 

87.13

 

 

 

87.13

 

 

 

87.13

 

Diluted: Weighted-average number of shares outstanding, assuming

dilution (in millions)1

 

87.13

 

 

87.13

 

 

87.13

 

 

87.13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share

 

$

(0.72

)

 

$

(0.32

)

 

$

(1.09

)

 

$

(0.55

)

Diluted loss per share

 

$

(0.72

)

 

$

(0.32

)

 

$

(1.09

)

 

$

(0.55

)

 

1 Shares in the diluted EPS calculation represent basic shares due to the net loss. The shares excluded from the calculation were 598,568 for the three and six months ended June 30, 2018 and 2017 because they are anti-dilutive.