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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of Weighted Average Number of Shares of Common Stock Outstanding

Below is a reconciliation of the weighted average number of shares of common stock outstanding in calculating Diluted EPS (shares in thousands and dollars in millions, except per share amounts) for the periods presented:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

27

 

 

$

34

 

 

$

40

 

 

$

64

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute Basic EPS

 

 

140,472

 

 

 

145,732

 

 

 

142,052

 

 

 

145,588

 

Weighted average effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

228

 

 

 

1,060

 

 

 

372

 

 

 

1,123

 

RSUs

 

 

237

 

 

 

268

 

 

 

403

 

 

 

271

 

Weighted average shares used to compute Diluted EPS

 

 

140,937

 

 

 

147,060

 

 

 

142,827

 

 

 

146,982

 

Basic EPS

 

$

0.19

 

 

$

0.23

 

 

$

0.28

 

 

$

0.44

 

Diluted EPS

 

$

0.19

 

 

$

0.23

 

 

$

0.28

 

 

$

0.44

 

 
Common Shares Related to Stock Options and RSUs Excluded from Calculated Diluted EPS

The following potential common shares related to stock options and RSUs were excluded from the calculation of Diluted EPS (in thousands) because their effect would have been anti-dilutive for the periods presented:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2017(1)

 

 

2016(2)

 

 

2017(1)

 

 

2016(2)

 

Stock options

 

 

4,801

 

 

 

3,055

 

 

 

4,617

 

 

 

2,963

 

RSUs

 

 

2,050

 

 

 

682

 

 

 

2,032

 

 

 

784

 

Total

 

 

6,851

 

 

 

3,737

 

 

 

6,649

 

 

 

3,747

 

 

(1)

These totals do not include 125,000 performance-based options representing the right to acquire the equivalent number of shares of common stock for which all targets required to trigger vesting had not been achieved; therefore such awards were excluded from the calculation of weighted average shares used to compute Diluted EPS for those reporting periods.

 

(2)

These totals do not include 125,000 performance-based options and 12,799 performance based RSUs representing the right to acquire 137,799 shares of common stock for which all targets required to trigger vesting had not been achieved; therefore such awards were excluded from the calculation of weighted average shares used to compute Diluted EPS for those reporting periods.