Earnings per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings per Share

7. Earnings per Share

The computations of basic and diluted earnings (loss) per share were as follows:

	Three Months Ended March 31,
(Dollars in millions, shares in thousands, except per share amounts)	2024		2023
Net income (loss) attributable to common shares	$	(37)	$	25
Basic weighted-average common shares	119,273		118,781
Diluted weighted-average common shares (1)	119,273		119,231
Basic earnings (loss) per share	$	(0.31)	$	0.21
Diluted earnings (loss) per share	$	(0.31)	$	0.21
Antidilutive shares excluded from diluted weighted-average common shares (1)	2,692		1,817

(1) For the three months ended March 31, 2024, weighted average shares for basic earnings per share is used for calculating diluted earnings per share because there was a net loss for the period and, as such, all dilutive potential common shares are anti-dilutive and are therefore excluded from the calculation.