Loss Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Loss Per Share

LOSS PER SHARE

We calculate basic loss per share and diluted loss per share by dividing net loss by the weighted average number of common shares outstanding, excluding restricted shares. Antidilutive common stock equivalents excluded from the diluted loss per share calculation are not material. The following table shows the computation of basic and diluted loss per share:

Basic and diluted loss per share
	Three Months Ended March 31,
(in millions, except per share data)	2022		2021
Net loss	$	(940)	$	(1,177)
Basic weighted average shares outstanding	637		636
Dilutive effect of share-based awards	—		—
Diluted weighted average shares outstanding	637		636
Basic loss per share	$	(1.48)	$	(1.85)
Diluted loss per share	$	(1.48)	$	(1.85)