EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Reconciliation of Income (Numerator) and Shares (Denominator) Used in Computation of Diluted Earnings Per Share

The following table reconciles income (numerator) and shares (denominator) used in our computations of basic and diluted earnings per share for the periods presented (in millions, except share amounts which are reflected in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Income (Numerator)
Net (loss) income	$	(328)	$	273	$	(302)	$	424
Net income attributable to the redeemable noncontrolling interests	(5)		(12)		(9)		(32)
Net loss (income) attributable to the noncontrolling interests	1		(9)		(33)		(17)

Numerator for basic and diluted (loss) earnings per common share available to common shareholders	$	(332)	$	252	$	(344)	$	375

Shares (Denominator)
Basic weighted-average common shares outstanding	75,331		80,425		74,862		85,517
Dilutive effect of stock-settled appreciation rights and outstanding stock options	—		312		—		464
Diluted weighted-average common and common equivalent shares outstanding	75,331		80,737		74,862		85,981

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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:


	Three Months Ended June 30,		Six Months Ended June 30,
	2021	2020	2021	2020
Weighted-average stock-settled appreciation rights and outstanding stock options excluded	1,802	3,019	1,608	2,916