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Loss per share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Loss per share Loss per share
Basic loss per share is computed by dividing net loss for the period by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share is computed by dividing net loss for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and equity incentive awards is reflected in diluted loss per share by application of the treasury stock method. The calculation of diluted loss per share excludes all anti-dilutive common stock. The following table sets forth the computation of basic and diluted loss per share for the three and six months ended June 30, 2019 and 2018.
 
Three Months Ended June 30
 
Six Months Ended June 30
(Dollars in millions, except per share amounts) 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Basic and diluted:
 
 
 
 
 
 
 
Net loss attributable to Veoneer
$
(133
)
 
$
(63
)
 
$
(270
)
 
$
(95
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic: Weighted average number of shares outstanding (in millions)
96.06

 
87.13

 
91.68

 
87.13

Diluted: Weighted-average number of shares outstanding, assuming dilution (in millions)1
96.06

 
87.13

 
91.68

 
87.13

 
 
 
 
 
 
 
 
Basic loss per share
$
(1.39
)
 
$
(0.72
)
 
$
(2.94
)
 
$
(1.09
)
Diluted loss per share
$
(1.39
)
 
$
(0.72
)
 
$
(2.94
)
 
$
(1.09
)
1 Shares in the diluted loss per share calculation represent basic shares due to the net loss.
In periods when the Company has a net loss, equity incentive awards are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect. The Company excluded equity incentive awards of 290,483 and 301,898 for the three and six months ended June 30, 2019, respectively, and zero for the three and six months ended June 30, 2018.
The Company may settle the conversions of the Notes in cash, shares of the Company's common stock or any combination thereof at its election. For the Notes, the number of shares of the Company's common stock issuable at the conversion price of $22.3125 per share would be 9,277,305 shares if all Notes were converted. See Note 5, Debt. Due to anti-dilutive effects, the Company excluded potential convertible shares of 3,364,297 and 1,691,442 for the three and six months ended June 30, 2019, respectively, and zero for the three and six months ended June 30, 2018 from the diluted loss per share calculations.