Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per common share

Basic and diluted earnings (loss) per common share were calculated as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2019			2018		2019		2018
	(Dollars in millions, except per share amounts, shares in thousands)
Income (Loss) (Numerator):
Net income (loss)	$	371		292		(5,794	)	407
Net income (loss) applicable to common stock for computing basic earnings per common share	371			292		(5,794	)	407
Net income (loss) as adjusted for purposes of computing diluted earnings per common share	$	371		292		(5,794	)	407
Shares (Denominator):
Weighted-average number of shares:
Outstanding during period	1,090,342			1,078,986		1,086,966		1,076,273
Non-vested restricted stock	(19,001		)	(14,275	)	(16,856	)	(11,610	)
Weighted-average shares outstanding for computing basic earnings per common share	1,071,341			1,064,711		1,070,110		1,064,663
Incremental common shares attributable to dilutive securities:
Shares issuable under convertible securities	10			10		—		10
Shares issuable under incentive compensation plans	1,462			4,098		—		3,741
Number of shares as adjusted for purposes of computing diluted earnings (loss) per common share	1,072,813			1,068,819		1,070,110		1,068,414
Basic earnings (loss) per common share	$	0.35		0.27		(5.41	)	0.38
Diluted earnings (loss) per common share (1)	$	0.35		0.27		(5.41	)	0.38

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(1)

For the six months ended June 30, 2019, we excluded from the calculation of diluted loss per share 2.4 million shares, potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive.