Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.21.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted EPS
The following table sets forth the computation of basic and diluted EPS (in millions, except per share data):
Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
Net income/(loss) $ 68  $ (174) $ 93  $ (152)
Basic weighted average shares outstanding 93.6 93.3 93.5 93.5
Stock options and restricted stock units (“RSUs”) (a)
0.5 — 0.4 —
Diluted weighted average shares outstanding
94.1 93.3 93.9 93.5
Earnings/(loss) per share:
Basic
 $ 0.73  $ (1.86) $ 0.99  $ (1.63)
Diluted
 0.73  (1.86) 0.99  (1.63)
Dividends:
Cash dividends declared per share
 $ 0.16  $ 0.08  $ 0.32  $ 0.40 
Aggregate dividends paid to shareholders
 $ 15  $ 8  $ 30  $ 38 
Schedule of Stock Repurchase Activity
The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data):
Shares Cost Average Price Per Share
As of December 31, 2020
 7.7  $ 408  $ 53.43 
For the six months ended June 30, 2021
 —  —  — 
As of June 30, 2021 7.7  $ 408  $ 53.43