NET LOSS PER SHARE

3 Months Ended

Jun. 30, 2023

NET LOSS PER SHARE

NET LOSS PER SHARE

NOTE 6. NET LOSS PER SHARE

We did not declare any stock dividends in the periods presented. The following table provides the computation of basic and diluted earnings per share of common stock for the three months ended June 30, 2023 and 2022.

	Three Months Ended June 30,
(In millions, except per share amounts)	2023		2022
Net income (loss) on which basic and diluted earnings per share is calculated	$	(141)	$	(250)
Number of shares on which basic and diluted earnings per share is calculated		227.9		225.3
Basic earnings (loss) per share	$	(0.62)	$	(1.11)
Diluted earnings (loss) per share		(0.62)		(1.11)

For the three months ended June 30, 2023 and 2022, the Company’s basic and diluted weighted-average shares outstanding were the same. The following securities were not included in the computation of diluted net loss per share because they would have been anti-dilutive:

	Three Months Ended June 30,
(In millions)	2023	2022
Nonvested restricted stock units	8.9	7.1
Nonvested performance-conditioned stock units	1.5	—
Nonvested market-conditioned stock units	2.3	1.8
Stock options issued and outstanding	3.7	3.8
Total	16.4	12.6