Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income per Share of Common Stock

The following presents basic and diluted net income (loss) per share of common stock computed using the two-class method:

	Basic and Diluted
	Three months ended June 30,				Six months ended June 30,
(In millions, except share and per share amounts)	2022		2021		2022		2021
Numerator:
Net Income (Loss) attributable to common stockholders	$	(2,051)	$	649	$	(2,921)	$	1,319
Dividends declared on common stock 1	(229)		(116)		(458)		(255)
Dividends on participating securities 2	(12)		(4)		(24)		(9)
Earnings allocable to participating securities3	—		(20)		—		(39)
Undistributed income (loss) attributable to common stockholders: Basic	(2,292)		509		(3,403)		1,016
Denominator:
Weighted average number of shares of common stock outstanding: Basic and Diluted	584,773,771		231,058,813		585,630,085		230,534,073
Net Income (loss) per share of common stock: Basic and Diluted4
Distributed Income	$	0.40	$	0.50	$	0.80	$	1.10
Undistributed Income (loss)	(3.93)		2.20		(5.83)		4.41
Net Income (loss) per share of common stock: Basic and Diluted	$	(3.53)	$	2.70	$	(5.03)	$	5.51
1 See note 14 for information regarding quarterly dividends.
2 Participating securities consist of vested and unvested RSUs that have rights to dividends and unvested restricted shares.
3 No allocation of undistributed losses was made to the participating securities as the holders do not have a contractual obligation to share in the losses of the Company with common stockholders.
4 For the three and six months ended June 30, 2022 and 2021, all of the classes of securities were determined to be anti-dilutive.

Summary of Anti-dilutive Securities

The following table summarizes the anti-dilutive securities:

	Three months ended June 30,		Six months ended June 30,
	2022	2021	2022	2021
Weighted average vested RSUs	—	309,142	—	675,233
Weighted average unvested RSUs	14,013,743	8,006,542	12,945,436	7,491,189
Weighted average unexercised options	2,424,407	—	2,424,407	—
Weighted average AOG Units outstanding	—	172,599,261	—	173,207,079
Weighted average unvested restricted shares	2,275,962	656,220	2,271,481	680,448