Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.20.4
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2020
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:
2020 2019 2018
Net (loss)/income $ (132) $ 157  $ 162 
Basic weighted average shares outstanding
93.4  96.5  99.5 
Stock options and restricted stock units (“RSUs”) (a)
—  0.1  0.3 
Diluted weighted average shares outstanding
93.4  96.6  99.8 
(Loss)/earnings per share:
Basic
$ (1.42) $ 1.63  $ 1.62 
Diluted
(1.42) 1.62  1.62 
Dividends:
Cash dividends declared per share
$ 0.56  $ 1.16  $ 0.75 
Aggregate dividends paid to shareholders
$ 53  $ 112  $ 77 
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
6.8  $ 363  $ 53.67 
For the twelve months ended December 31, 2020
0.9  45  51.57 
As of December 31, 2020 7.7  $ 408  $ 53.43