Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings Per Common Share

Schedule of basic and diluted earnings per common share

		Three months ended June 30,						Six months ended June 30,
		2011			2010			2011			2010
		(Dollars in millions, except per share amounts, shares in thousands)
Income (Numerator):
Net income		$	102			238			313			491
Earnings applicable to nonvested restricted stock			—			—			(1	)		(2	)
Net income applicable to common stock for computing basic earnings per common share			102			238			312			489
Net income as adjusted for purposes of computing diluted earnings per common share		$	102			238			312			489
Shares (Denominator):
Weighted average number of shares:
	Outstanding during period		600,699			300,704			453,042			300,125
	Nonvested restricted stock		(1,922	)		(1,591	)		(1,965	)		(1,470	)
	Nonvested restricted stock units		107			945			281			1,081
Weighted average number of shares outstanding during period for computing basic earnings per common share			598,884			300,058			451,358			299,736
Incremental common shares attributable to dilutive securities:
	Shares issuable under convertible securities		13			13			13			13
	Shares issuable under incentive compensation plans		1,362			534			998			552
Number of shares as adjusted for purposes of computing diluted earnings per common share			600,259			300,605			452,369			300,301
Basic earnings per common share		$	0.17			0.79			0.69			1.63
Diluted earnings per common share		$	0.17			0.79			0.69			1.63