NET INCOME (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

The following table sets forth the computation of basic and diluted net income (loss) per share (in millions, except per share amounts). Antidilutive common stock equivalents, excluded from the diluted net income (loss) per share calculation, consisting primarily of restricted stock units, are not material.

	Three months ended March 31,
	2020			2019
NUMERATOR:
Net income (loss)	$	(94	)	$	387
DENOMINATOR:
Weighted-average shares outstanding, basic	515			551
Dilutive effect of restricted stock units	—			1
Adjusted weighted-average shares outstanding, diluted	515			552
NET INCOME (LOSS) PER SHARE:
Basic	$	(0.18	)	$	0.70
Diluted	$	(0.18	)	$	0.70