Earnings Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) (shares in millions): 

		Three Months Ended  March 31,
		2021		2020
Net loss for basic and diluted EPS		$	(170)	$	(158)
Basic weighted average shares outstanding		69.9		72.9
Non-vested stock (a)		—		—
Diluted weighted average shares outstanding		69.9		72.9
Loss per share:
	Basic	$	(2.43)	$	(2.16)
	Diluted	$	(2.43)	$	(2.16)

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(a)As the Company incurred a net loss for the three months ended March 31, 2021 and 2020, 1.1 million and 1.3 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.