Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2019

The following table sets forth the computation of basic and diluted earnings per share of common stock:


	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions, except per share data in whole dollars and shares in thousands)	2019		2018		2019		2018
Net income (loss)	$	(16)	$	(237)	$	(1,353)	$	(276)
Cash dividend paid - preferred stock	(2)		(2)		(7)		(7)
Adjusted Net Income (Loss) Available to Common Shareholders	$	(18)	$	(239)	$	(1,360)	$	(283)

Weighted average common shares outstanding	209,626		206,605		208,741		205,739
Common shares issuable with respect to:
Stock options	—		—		—		—
Restricted stock and performance units / shares	—		—		—		—
Adjusted Weighted Average Common Shares Outstanding	209,626		206,605		208,741		205,739

Net Income (Loss) per Share:
Basic	$	(0.09)	$	(1.16)	$	(6.52)	$	(1.38)
Diluted	$	(0.09)	$	(1.16)	$	(6.52)	$	(1.38)

The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands):

Stock Options	—		193		—		193
Restricted stock and performance shares/units	4,473		5,097		4,473		5,097
Convertible preferred stock	5,393		5,393		5,393		5,393
Total Anti-Dilutive Securities	9,866		10,683		9,866		10,683