EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per common share.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(In millions, except per share amounts)
Net income attributable to McDermott	$	2	$	95	$	84	$	153
Weighted average common stock (basic)		180		95		140		90
Effect of dilutive securities:
Tangible equity units		-		-		-		4
Stock options, restricted stock and restricted stock units		1		-		1		1
Potential dilutive common stock		181		95		141		95
Net income per share attributable to McDermott
Basic:	$	0.01	$	1.00	$	0.60	$	1.70
Diluted:	$	0.01	$	1.00	$	0.60	$	1.61