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Loss per share
 9 Months Ended
Sep. 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 following table sets forth the computation of basic and diluted loss per share for the three and nine months ended September 30, 2019 and 2018.
 
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions, except per share amounts) 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Basic and diluted:
 
 
 
 
 
 
 
Net loss attributable to Veoneer
$
(133
)
 
$
(68
)
 
$
(403
)
 
$
(162
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic: Weighted average number of shares outstanding (in millions)
111.40

 
87.15

 
98.32

 
87.15

Diluted: Weighted-average number of shares outstanding, assuming dilution (in millions)1
111.40

 
87.15

 
98.32

 
87.15

 
 
 
 
 
 
 
 
Basic loss per share
$
(1.20
)
 
$
(0.78
)
 
$
(4.10
)
 
$
(1.86
)
Diluted loss per share
$
(1.20
)
 
$
(0.78
)
 
$
(4.10
)
 
$
(1.86
)
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 the Company's calculation of earnings per share as their inclusion would have an antidilutive effect. The Company excluded equity incentive awards of 295,526 and 285,975 shares for the three and nine months ended September 30, 2019, respectively, and 815,627 shares for both the three and nine months ended September 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 the Company elected to settle the conversion wholly in shares. See Note 5, Debt. Due to anti-dilutive effects, the Company excluded potential convertible shares due to the Notes of 9,277,305 and 4,247,850 shares for the three and nine months ended September 30, 2019, respectively, and zero for the three and nine months ended September 30, 2018 from the diluted loss per share calculations.