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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2020
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 March 31,

 

 

 

2020

 

 

2019

 

 

 

(In millions, except per share amounts)

 

Net loss from continuing operations attributable to McDermott

 

$

(1,358

)

 

$

(95

)

Net (loss) income from discontinued operations attributable to McDermott

 

 

(14

)

 

 

38

 

Net loss

 

$

(1,372

)

 

$

(57

)

Less: Net income (loss) attributable to noncontrolling interests

 

 

6

 

 

 

(1

)

Net loss attributable to McDermott

 

$

(1,378

)

 

$

(56

)

Dividends on redeemable preferred stock

 

 

(3

)

 

 

(10

)

Accretion of redeemable preferred stock

 

 

(1

)

 

 

(4

)

Net loss attributable to common stockholders

 

$

(1,382

)

 

$

(70

)

 

 

 

 

 

 

 

 

 

Net (loss) income per share attributable to common stockholders

 

 

 

 

 

 

 

 

Continuing operations

 

 

 

 

 

 

 

 

Basic

 

 

(7.09

)

 

 

(0.60

)

Diluted

 

 

(7.09

)

 

 

(0.60

)

Discontinued operations

 

 

 

 

 

 

 

 

Basic

 

 

(0.07

)

 

 

0.21

 

Diluted

 

 

(0.07

)

 

 

0.21

 

 

 

 

 

 

 

 

 

 

Shares used in the computation of net (loss) income per share

 

 

 

 

 

 

 

 

Basic

 

 

193

 

 

 

181

 

Diluted

 

 

193

 

 

 

181