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Net Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Net Earnings Per Share [Abstract]  
Reconciliation Of Net (Loss) Income Per Share

For the three months ended

September 30,

For the nine months ended

September 30,

($ in millions and shares in thousands, except per share

amounts)

2023

2022

2023

2022

Net income used for basic and diluted earnings

per share:

Total basic net income

attributable to Frontier common shareholders

$

11

$

120

$

12

$

286

Effect of loss related to dilutive stock units

-

-

-

-

Total diluted net income

attributable to Frontier common shareholders

$

11

$

120

$

12

$

286

Basic earnings per share:

Total weighted average shares and unvested restricted

stock awards outstanding - basic

245,761

244,984

245,431

244,711

Less: Weighted average unvested restricted stock awards

-

-

-

-

Total weighted average shares outstanding - basic

245,761

244,984

245,431

244,711

Basic net earnings per share

attributable to Frontier common shareholders

$

0.05

$

0.49

$

0.05

$

1.17

Diluted earnings per share:

Total weighted average shares outstanding - basic

245,761

244,984

245,431

244,711

Effect of dilutive performance stock awards

1,686

-

1,493

-

Effect of dilutive restricted stock awards

-

228

412

369

Total weighted average shares outstanding - diluted

247,447

245,212

247,336

245,080

Diluted net earnings per share

attributable to Frontier common shareholders

$

0.05

$

0.49

$

0.05

$

1.17