Net Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Net Earnings Per Share [Abstract]

Reconciliation Of Net Loss Per Share

	Successor		Successor		Predecessor
	For the three months ended June 30,		For the two months ended June 30,		For the one month ended April 30,
($ in millions and shares in thousands, except per share amounts)	2022		2021		2021
Net income used for basic and diluted earnings
per share:
Total basic net income
attributable to Frontier common shareholders	$	101	$	99	$	4,481
Effect of loss related to dilutive stock units		-		-		-
Total diluted net income
attributable to Frontier common shareholders	$	101	$	99	$	4,481
Basic earnings per share:
Total weighted average shares and unvested restricted stock
awards outstanding - basic		244,723		244,401		104,816
Less: Weighted average unvested restricted stock awards		-		-		(154)
Total weighted average shares outstanding - basic		244,723		244,401		104,662
Basic net earnings per share
attributable to Frontier common shareholders	$	0.41	$	0.41	$	42.81
Diluted earnings per share:
Total weighted average shares outstanding - basic		244,723		244,401		104,662
Effect of dilutive stock units		-		-		340
Effect of dilutive restricted stock awards		-		-		-
Total weighted average shares outstanding - diluted		244,723		244,401		105,002
Diluted net earnings per share
attributable to Frontier common shareholders	$	0.41	$	0.41	$	42.68

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	Successor		Successor		Predecessor
	For the six months ended June 30,		For the two months ended June 30,		For the four months ended April 30,
($ in millions and shares in thousands, except per share amounts)	2022		2021		2021
Net income used for basic and diluted earnings
per share:
Total basic net income
attributable to Frontier common shareholders	$	166	$	99	$	4,541
Effect of loss related to dilutive stock units		-		-		-
Total diluted net income
attributable to Frontier common shareholders	$	166	$	99	$	4,541
Basic earnings per share:
Total weighted average shares and unvested restricted stock
awards outstanding - basic		244,592		244,401		104,799
Less: Weighted average unvested restricted stock awards		-		-		(215)
Total weighted average shares outstanding - basic		244,592		244,401		104,584
Basic net earnings per share
attributable to Frontier common shareholders	$	0.68	$	0.41	$	43.42
Diluted earnings per share:
Total weighted average shares outstanding - basic		244,592		244,401		104,584
Effect of dilutive stock units		-		-		340
Effect of dilutive restricted stock awards		239		-		-
Total weighted average shares outstanding - diluted		244,831		244,401		104,924
Diluted net earnings per share
attributable to Frontier common shareholders	$	0.68	$	0.41	$	43.28