XML 41 R31.htm IDEA: XBRL DOCUMENT v3.23.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Text Block [Abstract]  
Schedule Of Basic And Diluted Earnings Per Share
The following table presents the computation of basic and diluted earnings per share for the three months ended March 31, 2023 and 2022:
 
          
          
                                   
    
Three Months Ended March 31,
In millions except per share amounts
  
2023
 
2022
Basic and diluted earnings per share:
                
Net income (loss) from continuing operations available to common shareholders
  
$
(83
 
$
(73
Income (loss) from discontinued operations, net of income taxes
  
 
(3
 
 
-
 
Less: Net income (loss) from discontinued operations attributable to noncontrolling interests
  
 
7
 
 
 
-
 
    
 
 
 
 
 
 
 
Net income (loss) from discontinued operations attributable to MBIA Inc.
  
 
(10
 
 
-
 
    
 
 
 
 
 
 
 
Net income (loss) attributable to MBIA Inc.
  
$
(93
 
$
(73
Basic and diluted weighted average shares
(1)
  
 
49.9
 
 
 
49.6
 
Net income (loss) per common share attributable to MBIA Inc. - basic and diluted
                
Continuing operations
  
$
(1.67
 
$
(1.48
Discontinued operations
  
 
(0.19
 
 
-
 
    
 
 
 
 
 
 
 
Net income (loss) per share attributable to MBIA Inc. - basic and diluted
  
$
(1.86
 
$
(1.48
    
 
 
 
 
 
 
 
Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect
  
 
4.9
 
 
 
5.1
 
 
(1) - 
Includes 0.7 million and 0.9 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the three months ended March 31, 2023 and 2022, respectively.