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(Loss) Earnings Per Common Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
(Loss) Earnings Per Common Share (Loss) Earnings Per Common Share
Basic and diluted (loss) earnings per common share for the years ended December 31, 2019, 2018 and 2017 were calculated as follows:
 
Years Ended December 31,
 
2019
 
2018
 
2017
 
(Dollars in millions, except per share amounts, shares in thousands)
Loss income (Numerator):
 
 
 
 
 
Net (loss) income
$
(5,269
)
 
(1,733
)
 
1,389

Net (loss) income applicable to common stock for computing basic earnings per common share
(5,269
)
 
(1,733
)
 
1,389

Net (loss) income as adjusted for purposes of computing diluted earnings per common share
$
(5,269
)
 
(1,733
)
 
1,389

Shares (Denominator):
 
 
 
 
 
Weighted average number of shares:
 
 
 
 
 
Outstanding during period
1,088,730

 
1,078,409

 
635,576

Non-vested restricted stock
(17,289
)
 
(12,543
)
 
(7,768
)
Weighted average shares outstanding for computing basic earnings per common share
1,071,441

 
1,065,866

 
627,808

Incremental common shares attributable to dilutive securities:
 
 
 
 
 
Shares issuable under convertible securities

 

 
10

Shares issuable under incentive compensation plans

 

 
875

Number of shares as adjusted for purposes of computing diluted (loss) earnings per common share
1,071,441

 
1,065,866

 
628,693

Basic (loss) earnings per common share
$
(4.92
)
 
(1.63
)
 
2.21

Diluted (loss) earnings per common share (1)
$
(4.92
)
 
(1.63
)
 
2.21


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(1) For the year ended December 31, 2019 and December 31, 2018, we excluded from the calculation of diluted loss per share 3.0 million shares and 4.6 million shares, respectively, potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive.
Our calculation of diluted (loss) earnings per common share excludes shares of common stock that are issuable upon exercise of stock options when the exercise price is greater than the average market price of our common stock. We also exclude unvested restricted stock awards that are antidilutive as a result of unrecognized compensation cost. Such shares were 6.8 million, 2.7 million and 4.7 million for 2019, 2018 and 2017, respectively.