Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table sets forth the computation of basic and diluted net income (loss) per common share (amounts in millions, except per share amounts):

	Year Ended December 31,
Computation of Earnings Per Share	2023		2022		2021
Net income from continuing operations	$	500	$	923	$	1,466
Less: Undistributed earnings from continuing operations attributable to participating stockholders	—		—		8
Less: Premium on retirement of preferred stock	—		—		28
Net income from continuing operations attributable to Mr. Cooper common stockholders	$	500	$	923	$	1,430
Net loss from discontinued operations	$	—	$	—	$	(12)
Less: Undistributed earnings from discontinued operations attributable to participating stockholders	—		—		—
Net loss from discontinued operations attributable to Mr. Cooper common stockholders	$	—	$	—	$	(12)
Net income	$	500	$	923	$	1,454
Less: Undistributed earnings attributable to participating stockholders	—		—		8
Less: Premium on retirement of preferred stock	—		—		28
Net income attributable to common stockholders	$	500	$	923	$	1,418
Earnings from continuing operations per common share attributable to Mr. Cooper:
Basic	$	7.46	$	12.84	$	17.39
Diluted	$	7.30	$	12.50	$	16.67
Earnings from discontinued operations per common share attributable to Mr. Cooper:
Basic	$	—	$	—	$	(0.15)
Diluted	$	—	$	—	$	(0.14)
Earnings per common share attributable to Mr. Cooper:
Basic	$	7.46	$	12.84	$	17.24
Diluted	$	7.30	$	12.50	$	16.53
Weighted average shares of common stock outstanding (in thousands):
Basic	67,070		71,885		82,247
Dilutive effect of stock awards	1,479		1,933		3,067
Dilutive effect of participating securities	—		—		492
Diluted	68,549		73,818		85,806