Earnings Per Share Of Common Stock (Tables)

6 Months Ended

Jun. 30, 2020

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	2020		2019		2020		2019
(In millions, except per share amounts)
EPS of Common Stock
Income from continuing operations	$	307	$	341	$	331	$	696
Less: Preferred dividends	—		—		—		(3)
Less: Undistributed earnings allocated to preferred stockholders	—		(5)		—		(7)
Income from continuing operations available to common stockholders	307		336		331		686
Discontinued operations, net of tax	2		(29)		52		(64)
Less: Undistributed earnings allocated to preferred stockholders	—		1		—		1
Income (loss) from discontinued operations available to common stockholders	2		(28)		52		(63)
Income available to common stockholders, basic	$	309	$	308	$	383	$	623
Share Count information:
Weighted average number of basic shares outstanding	542		532		541		531
Assumed exercise of dilutive stock options and awards	1		1		2		2
Weighted average number of diluted shares outstanding	543		533		543		533
Income available to common stockholders, per common share:
Income from continuing operations, basic	$	0.57	$	0.63	$	0.61	$	1.29
Discontinued operations, basic	—		(0.05)		0.10		(0.12)
Income available to common stockholders, basic	$	0.57	$	0.58	$	0.71	$	1.17
Income from continuing operations, diluted	$	0.57	$	0.63	$	0.61	$	1.29
Discontinued operations, diluted	—		(0.05)		0.10		(0.12)
Income available to common stockholders, diluted	$	0.57	$	0.58	$	0.71	$	1.17