Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Basic and diluted loss per share are calculated as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net loss available to common shareholders	$	(49)	$	(104)	$	(23)	$	(375)
Determination of shares:
Weighted average common shares outstanding	488.4		487.3		488.3		487.1
Assumed conversion of dilutive common stock equivalents (1)	—		—		—		—
Diluted weighted average shares outstanding	488.4		487.3		488.3		487.1
Loss per share (2)
Basic	$	(0.10)	$	(0.21)	$	(0.05)	$	(0.77)
Diluted	$	(0.10)	$	(0.21)	$	(0.05)	$	(0.77)

(1)For periods with a reported net loss, dilutive common stock equivalents are not assumed to have been issued since their effect is anti-dilutive. As a result, basic and diluted weighted average shares are the same, causing diluted net loss per share to be equivalent to basic net loss per share. For the three months ended September 30, 2022 and 2021, approximately 4.4 million and 3.7 million, respectively, of potential common shares were excluded from the calculation of diluted loss per share because their effect was anti-dilutive. For the nine months ended September 30, 2022 and 2021, approximately 2.6 million and 3.9 million, respectively, of potential common shares were excluded from the calculation of diluted loss per share because their effect was anti-dilutive.

(2)Due to rounding conventions, loss per share may not recalculate precisely based on the amounts presented within this table.