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Earnings per Share (EPS) (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings allocation method utilized in the calculation of basic and diluted EPS
The following illustrates the earnings allocation method utilized in the calculation of basic and diluted EPS.
 
 
Three Months Ended
 
 
March 31,
 
 
2017
 
2016
 
 
(In millions, except per share data)
EPS numerator:
 
 
 
 
Income (loss) from continuing operations, net of income taxes
 
$
131.0

 
$
(161.7
)
Less: Net income attributable to noncontrolling interests
 
4.8

 

Income (loss) from continuing operations attributable to common stockholders, before allocation of earnings to participating securities
 
126.2

 
(161.7
)
Less: Earnings allocated to participating securities
 
1.1

 

Income (loss) from continuing operations attributable to common stockholders, after allocation of earnings to participating securities (1)
 
125.1

 
(161.7
)
Loss from discontinued operations, net of income taxes
 
(4.1
)
 
(3.4
)
Less: Loss from discontinued operations allocated to participating securities
 
(0.1
)
 

Loss from discontinued operations attributable to common stockholders, after allocation of earnings to participating securities (1)
 
(4.0
)
 
(3.4
)
Net income (loss) attributable to common stockholders, after allocation of earnings to participating securities (1)
 
$
121.1

 
$
(165.1
)
 
 
 
 
 
EPS denominator:
 
 
 
 
Weighted average shares outstanding — basic
 
18.3

 
18.3

Impact of dilutive securities
 
0.1

 

Weighted average shares outstanding — diluted
 
18.4

 
18.3

 
 
 
 
 
Basic EPS attributable to common stockholders:
 
 
 
 
Income (loss) from continuing operations
 
$
6.82

 
$
(8.85
)
Loss from discontinued operations
 
(0.22
)
 
(0.18
)
Net income (loss) attributable to common stockholders
 
$
6.60

 
$
(9.03
)
 
 
 
 
 
Diluted EPS attributable to common stockholders:
 
 
 
 
Income (loss) from continuing operations
 
$
6.80

 
$
(8.85
)
Loss from discontinued operations
 
(0.23
)
 
(0.18
)
Net income (loss) attributable to common stockholders
 
$
6.57

 
$
(9.03
)