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Earnings Per Share Of Common Stock (Tables)
 6 Months Ended
Jun. 30, 2019
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 June 30,
 
For the Six Months Ended June 30,
Reconciliation of Basic and Diluted EPS of Common Stock
 
2019

2018
 
2019
 
2018
 
 
 
 
 
 
 
(In millions, except per share amounts)
 
 
 
 
 
 
 
 
EPS of Common Stock
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
341

 
$
308

 
$
696

 
$
489

Less: Preferred dividends
 
—

 
—

 
(3
)
 
(43
)
Less: Amortization of beneficial conversion feature
 
—

 
(148
)
 
—

 
(261
)
Less: Undistributed earnings allocated to preferred stockholders(1)
 
(5
)
 
(18
)
 
(7
)
 
—

Income from continuing operations available to common stockholders
 
336

 
142

 
686

 
185

Discontinued operations, net of tax
 
(29
)
 
(9
)
 
(64
)
 
1,179

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

 
1

 
1

 
—

Income (loss) from discontinued operations available to common stockholders
 
(28
)
 
(8
)
 
(63
)
 
1,179

 
 
 
 
 
 
 
 
 
Income available to common stockholders, basic and diluted
 
$
308

 
$
134

 
$
623

 
$
1,364

 
 
 
 
 
 
 
 
 
Share Count information:
 
 
 
 
 
 
 
 
Weighted average number of basic shares outstanding
 
532

 
477

 
531

 
477

Assumed exercise of dilutive stock options and awards
 
1

 
2

 
2

 
1

Weighted average number of diluted shares outstanding
 
533

 
479

 
533

 
478

 
 
 
 
 
 
 
 
 
Income (loss) available to common stockholders, per common share:
 
 
 
 
 
 
 
 
Income from continuing operations, basic
 
$
0.63

 
$
0.30

 
$
1.29

 
$
0.39

Discontinued operations, basic
 
(0.05
)
 
(0.02
)
 
(0.12
)
 
2.47

Income available to common stockholders, basic
 
$
0.58

 
$
0.28

 
$
1.17

 
$
2.86

 
 
 
 
 
 
 
 
 
Income from continuing operations, diluted
 
$
0.63

 
$
0.30

 
$
1.29

 
$
0.39

Discontinued operations, diluted
 
(0.05
)
 
(0.02
)
 
(0.12
)
 
2.46

Income available to common stockholders, diluted
 
$
0.58

 
$
0.28

 
$
1.17

 
$
2.85



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