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Note 19 - Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of Reconciliation of Basic and Diluted Earnings Per Share

A reconciliation of the amounts used to calculate basic and diluted earnings per share for the three and six months ended June 30, 2020 and 2019 follows (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(in millions)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Loss from continuing operations

 

$

(5

)

 

$

(6

)

 

$

(116

)

 

$

(18

)

Less: Series A convertible preferred stock cash dividend

 

 

(3

)

 

 

(3

)

 

 

(6

)

 

 

(6

)

Less: Series A convertible preferred stock deemed dividend

 

 

(2

)

 

 

(2

)

 

 

(4

)

 

 

(4

)

Loss from continuing operations available to common

   shareholders - basic and diluted

 

$

(10

)

 

$

(11

)

 

$

(126

)

 

$

(28

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(5

)

 

$

201

 

 

$

(116

)

 

$

183

 

Less: Series A convertible preferred stock cash dividend

 

 

(3

)

 

 

(3

)

 

 

(6

)

 

 

(6

)

Less: Series A convertible preferred stock deemed dividend

 

 

(2

)

 

 

(2

)

 

 

(4

)

 

 

(4

)

Net (loss) income available to common shareholders

   - basic and diluted

 

$

(10

)

 

$

196

 

 

$

(126

)

 

$

173

 

 

(in millions of shares)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares — basic and diluted

 

 

43.7

 

 

 

43.0

 

 

 

43.7

 

 

 

43.0