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Earnings per Common Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share

The following table presents a reconciliation of Net income (loss) and shares used in calculating basic and diluted net income (loss) per common share for the periods indicated:
(in millions, except for per share data) 
Year Ended December 31,
Earnings
2018
 
2017
 
2016
Net income (loss) available to common shareholders
 
 
 
 
 
Income (loss) from continuing operations
$
555

 
$
(212
)
 
$
39

Less: Net income (loss) attributable to noncontrolling interest
137

 
200

 
29

Income (loss) from continuing operations available to common shareholders
418

 
(412
)
 
10

Income (loss) from discontinued operations, net of tax
457

 
(2,580
)
 
(337
)
Net income (loss) available to common shareholders
$
875

 
$
(2,992
)
 
$
(327
)
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
 
 
 
Basic
163.2

 
184.1

 
200.8

Dilutive Effects:(1)
 
 
 
 
 
Warrants(2)
0.8

 
—

 
—

RSUs(3)
1.7

 
—

 
1.7

PSU awards(3)
1.9

 
—

 
0.2

Stock Options(4)
0.6

 
—

 
—

Diluted
168.2

 
184.1

 
202.7

 
 
 
 
 
 
Basic
 
 
 
 
 
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders
$
2.56

 
$
(2.24
)
 
$
0.05

Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders
$
2.80

 
$
(14.01
)
 
$
(1.68
)
Income (loss) available to Voya Financial, Inc.'s common shareholders
$
5.36

 
$
(16.25
)
 
$
(1.63
)
Diluted
 
 
 
 
 
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders
$
2.48

 
$
(2.24
)
 
$
0.05

Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders
$
2.72

 
$
(14.01
)
 
$
(1.66
)
Income (loss) available to Voya Financial, Inc.'s common shareholders
$
5.20

 
$
(16.25
)
 
$
(1.61
)
(1) For the year ended December 31, 2017, weighted average shares used for calculating earnings per share excludes the dilutive impact of the forward contract related to the share repurchase agreement entered into on December 26, 2017, as the inclusion of this instrument would be antidilutive to the earnings per share calculation. For more information on the share repurchase agreement, see the Shareholders' Equity Note to these Consolidated Financial Statements.
(2) For the years ended December 31, 2017 and 2016, weighted average shares used for calculating earnings per share excludes the dilutive impact of warrants, as the inclusion of this equity instrument would be antidilutive to the earnings per share calculation due to "out of the moneyness" in the periods presented. For more information on warrants, see the Shareholders' Equity Note to these Consolidated Financial Statements.
(3) For the year ended December 31, 2017, weighted average shares used for calculating basic and diluted earnings per share are the same, as the inclusion of 1.9 and 0.8 shares for stock compensation plans of RSU and PSU awards, respectively, would be antidilutive to the earnings per share calculation due to the net loss from continuing operations during the period.
(4) For the year ended December 31, 2017, weighted average shares used for calculating basic and diluted earnings per share excludes the dilutive impact of stock options, as the inclusion of this equity instrument would be antidilutive to the earnings per share calculation due to the average share price for the periods presented. For more information on stock options, see the Share-based Incentive Compensation Plans Note to these Consolidated Financial Statements.