Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.22.0.1
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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) for the years ended December 31:
2021 2020 2019
Net income/(loss) $ 244  $ (132) $ 157 
Basic weighted average shares outstanding
93.4  93.4  96.5 
Stock options and restricted stock units (“RSUs”) (a)
0.5  —  0.1 
Diluted weighted average shares outstanding
93.9  93.4  96.6 
Earnings/(loss) per share:
Basic
$ 2.61  $ (1.42) $ 1.63 
Diluted
2.60  (1.42) 1.62 
Dividends:
Cash dividends declared per share
$ 0.88  $ 0.56  $ 1.16 
Aggregate dividends paid to stockholders
$ 82  $ 53  $ 112 
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 January 1, 2020
7.7  $ 408  $ 53.43 
For the twelve months ended December 31, 2021
1.4  110  80.60 
As of December 31, 2021 9.0  $ 519  $ 57.55 
_____________________
Note: Amounts may not add due to rounding.