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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share
The following represents our basic and diluted earnings per share (EPS) calculations:
 
Three months ended March 31, 2018
(In millions, except share and per share data)
Class A
 
Class B
 
Class M-1
 
Class M-2
 
Class M-3
 
Class M-4
Net income
$
202

 
$
56

 
$
5

 
$
1

 
$
1

 
$
3

 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
148,693,902

 
41,096,937

 
3,388,890

 
841,011

 
1,049,157

 
2,065,204

Dilutive effect of stock compensation plans
258,203

 
—

 
—

 
8,976

 
20,572

 
929,228

Diluted weighted average shares outstanding
148,952,105

 
41,096,937

 
3,388,890

 
849,987

 
1,069,729

 
2,994,432

 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share1
 
 
 
 
 
 
 
 
 
 
 
Basic
$
1.36

 
$
1.36

 
$
1.36

 
$
1.36

 
$
1.36

 
$
1.36

Diluted
$
1.36

 
$
1.36

 
$
1.36

 
$
1.34

 
$
1.33

 
$
0.94

 
 
 
 
 
 
 
 
 
 
 
 
1 Calculated using whole figures.

 
Three months ended March 31, 2017
(In millions, except share and per share data)
Class A
 
Class B
 
Class M-1
 
Class M-22
 
Class M-3
 
Class M-4
Net income
$
156

 
$
221

 
$
7

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
78,246,213

 
110,772,123

 
3,452,402

 
42,267

 
—

 
—

Dilutive effect of stock compensation plans
3,051,380

 
—

 
—

 
971,427

 
—

 
—

Diluted weighted average shares outstanding
81,297,593

 
110,772,123

 
3,452,402

 
1,013,694

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share1
 
 
 
 
 
 
 
 
 
 
 
Basic
$
2.00

 
$
2.00

 
$
2.00

 
$
2.00

 
N/A
 
N/A
Diluted
$
1.92

 
$
2.00

 
$
2.00

 
$
0.08

 
N/A
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
N/A – Not applicable
 
 
 
 
1 Calculated using whole figures.
2 Net income allocated to Class M-2 common shares rounded to $0 million for the three months ended March 31, 2017. However, earnings per share is calculated using whole figures.
Shares Excluded from Dilutive Earnings Per Share
The diluted EPS calculations for Class A shares excluded the following shares, restricted stock units (RSUs) and options:
 
Three months ended March 31,
 
2018
 
2017
Antidilutive shares, RSUs and options excluded from diluted EPS calculation
35,212,154

 
91,666,275

Shares, RSUs and options excluded from diluted EPS calculation as a performance condition had not been met
279,992

 
2,763,613

Total shares, RSUs and options excluded from diluted EPS calculation
35,492,146

 
94,429,888

 
 
 
 
Note: Shares, RSUs and options are as of period end.