EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

16. EARNINGS PER SHARE:

The following table reconciles income (numerator) and shares (denominator) used in our computations of earnings per share for the years ended December 31, 2020, 2019, and 2018 (in millions, except share amounts which are reflected in thousands):


	2020		2019		2018
Income (Numerator)
Net (loss) income	$	(2,429)	$	105	$	346
Net income attributable to the redeemable noncontrolling interests	(56)		(48)		—
Net loss (income) attributable to the noncontrolling interests	71		(10)		(5)
Numerator for basic and diluted earnings per common share available to common shareholders	$	(2,414)	$	47	$	341

Shares (Denominator)
Basic weighted-average common shares outstanding	79,924		92,015		100,913
Dilutive effect of stock settled appreciation rights and outstanding stock options	—		1,170		805
Diluted weighted-average common and common equivalent shares outstanding	79,924		93,185		101,718

The net earnings per share amounts are the same for Class A and Class B Common Stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.

The following table shows the weighted-average stock-settled appreciation rights and outstanding stock options (in thousands) that are excluded from the calculation of diluted earnings per common share as the inclusion of such shares would be anti-dilutive.


	2020	2019	2018
Weighted-average stock-settled appreciation rights and outstanding stock options excluded	3,288	238	1,325