XML 35 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share Of Common Stock (Tables)
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Share
The following table reconciles basic and diluted EPS of common stock:
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
Reconciliation of Basic and Diluted EPS of Common Stock
 
2018

2017
 
2018
 
2017
 
 
 
 
 
 
 
(In millions, except per share amounts)
 
 
 
 
 
 
 
 
EPS of Common Stock
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
387

 
$
301

 
$
840

 
$
772

Less: Preferred dividends
 
(19
)
 
—

 
(61
)
 
—

Less: Amortization of beneficial conversion feature
 
(35
)
 
—

 
(296
)
 
—

Less: Undistributed earnings allocated to preferred stockholders(1)
 
—

 
—

 
—

 
—

Income from continuing operations available to common stockholders
 
333

 
301

 
483

 
772

Discontinued operations, net of tax
 
(845
)
 
95

 
370

 
3

Less: Undistributed earnings allocated to preferred stockholders (1)
 
 
—

 
—

 
—

 
—

Income (loss) from discontinued operations available to common stockholders
 
(845
)
 
95

 
370

 
3

 
 
 
 
 
 
 
 
 
Income (loss) available to common stockholders, basic and diluted
 
$
(512
)
 
$
396

 
$
853

 
$
775

 
 
 
 
 
 
 
 
 
Share Count information:
 
 
 
 
 
 
 
 
Weighted average number of basic shares outstanding
 
503

 
444

 
485

 
444

Assumed exercise of dilutive stock options and awards
 
2

 
2

 
2

 
1

Weighted average number of diluted shares outstanding
 
505

 
446

 
487

 
445

 
 
 
 
 
 
 
 
 
Income (loss) available to common stockholders, per common share:
 
 
 
 
 
 
 
 
Income from continuing operations, basic
 
$
0.66

 
$
0.68

 
$
1.00

 
$
1.74

Discontinued operations, basic
 
(1.68
)
 
0.21

 
0.76

 
0.01

Income (loss) available to common stockholders, basic
 
$
(1.02
)
 
$
0.89

 
$
1.76

 
$
1.75

 
 
 
 
 
 
 
 
 
Income from continuing operations, diluted
 
$
0.66

 
$
0.68

 
$
0.99

 
$
1.73

Discontinued operations, diluted
 
(1.68
)
 
0.21

 
0.76

 
0.01

Income (loss) available to common stockholders, diluted
 
$
(1.02
)
 
$
0.89

 
$
1.75

 
$
1.74



(1) 
Undistributed earnings were not allocated to participating securities for the three and nine months ended September 30, 2018 as income from continuing operations less dividends declared (common and preferred) and deemed dividends were a net loss.