Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share

Reconciliation of Earnings Per Share

		Three Months Ended June 30,
		2013					2012
		Income		Weighted Average Shares		Per Share Amount	Income		Weighted Average Shares		Per Share Amount
			(in millions, except per share amounts)
Basic earnings per share
Income (loss) from continuing operations attributable
	to the Financial Services Businesses	$	(491)				$	2,236
Direct equity adjustment			1					8
Less: Income attributable to noncontrolling
	interests		35					15
Less: Dividends and undistributed earnings allocated
	to participating unvested share-based payment
	awards		2					21
Income (loss) from continuing operations attributable
	to the Financial Services Businesses available to
	holders of Common Stock after direct equity
	adjustment	$	(527)	464.1	$	(1.14)	$	2,208	466.1	$	4.74
Effect of dilutive securities and compensation
	programs(1)
Add: Dividends and undistributed earnings allocated
	to participating unvested share-based payment
	awards - Basic	$	2				$	21
Less: Dividends and undistributed earnings allocated
	to participating unvested share-based payment
	awards - Diluted		2					21
Stock options				0.0					1.8
Deferred and long-term compensation programs				0.0					0.5
Exchangeable Surplus Notes			0	0.0				5	5.1
Diluted earnings per share(1)
Income (loss) from continuing operations attributable
	to the Financial Services Businesses available to
	holders of Common Stock after direct equity
	adjustment	$	(527)	464.1	$	(1.14)	$	2,213	473.5	$	4.67
		Six Months Ended June 30,
		2013					2012
		Income		Weighted Average Shares		Per Share Amount	Income		Weighted Average Shares		Per Share Amount
			(in millions, except per share amounts)
Basic earnings per share
Income (loss) from continuing operations attributable
	to the Financial Services Businesses	$	(1,171)				$	1,280
Direct equity adjustment			5					16
Less: Income attributable to noncontrolling
	interests		77					26
Less: Dividends and undistributed earnings allocated
	to participating unvested share-based payment
	awards		4					13
Income (loss) from continuing operations attributable
	to the Financial Services Businesses available to
	holders of Common Stock after direct equity
	adjustment	$	(1,247)	464.2	$	(2.69)	$	1,257	467.7	$	2.69
Effect of dilutive securities and compensation
	programs(1)
Add: Dividends and undistributed earnings allocated
	to participating unvested share-based payment
	awards - Basic	$	4				$	13
Less: Dividends and undistributed earnings allocated
	to participating unvested share-based payment
	awards - Diluted		4					13
Stock options				0.0					2.2
Deferred and long-term compensation programs				0.0					0.5
Exchangeable Surplus Notes			0	0.0				9	5.1
Diluted earnings per share(1)
Income (loss) from continuing operations attributable
	to the Financial Services Businesses available to
	holders of Common Stock after direct equity
	adjustment	$	(1,247)	464.2	$	(2.69)	$	1,266	475.5	$	2.66

• For the three and six months ended June 30, 2013, weighted average shares for basic earnings per share is also used for calculating diluted earningsper share because dilutive shares and dilutive earnings per share are not applicable when a loss from continuing operations is reported. As a result of the loss from continuing operations available to holders of Common Stock after direct equity adjustment for the three and six months ended June 30, 2013, all potential stock options and compensation programs were considered antidilutive.

Earnings Per Share Computation

		Three Months Ended June 30,
		2013					2012
		Income		Weighted Average Shares		Per Share Amount	Income		Weighted Average Shares		Per Share Amount
		(in millions, except per share amounts)
Basic earnings per share
Income (loss) from continuing operations
	attributable to the Closed Block Business	$	3				$	(4)
Less: Direct equity adjustment			1					8
Income (loss) from continuing operations
	attributable to the Closed Block Business
	available to holders of Class B Stock after direct
	equity adjustment	$	2	2.0	$	1.00	$	(12)	2.0	$	(6.00)
		Six Months Ended June 30,
		2013					2012
		Income		Weighted Average Shares		Per Share Amount	Income		Weighted Average Shares		Per Share Amount
		(in millions, except per share amounts)
Basic earnings per share
Income (loss) from continuing operations
	attributable to the Closed Block Business	$	18				$	17
Less: Direct equity adjustment			5					16
Income (loss) from continuing operations
	attributable to the Closed Block Business
	available to holders of Class B Stock after direct
	equity adjustment	$	13	2.0	$	6.50	$	1	2.0	$	0.50