Net Income Per Common Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are computed based on the weighted average number of common and dilutive potential common shares outstanding using the treasury stock method. The table shows calculations for basic and diluted earnings per share:

(In millions, except per share data)	Years ended December 31,
	2019		2018		2017
Numerator:
Net income—basic and diluted	$	1,997	$	287	$	1,045
Denominator:
Basic weighted-average common shares outstanding	163.2		163.2		164.2
Effect of share-based awards:
Stock options	1.2		0.8		1.1
Nonvested shares	0.7		0.5		0.7
Diluted weighted-average shares	165.1		164.5		166.0
Earnings per share:
Basic	$	12.24	$	1.76	$	6.36
Diluted	12.10		1.75		6.29
Number of anti-dilutive share-based awards	—		1.3		0.7

The sources of dilution of our common shares are certain equity-based awards as discussed in Note 17, Share-Based Associate Compensation Plans. The above table includes the number of anti-dilutive share-based awards at year-end 2019, 2018 and 2017. We did not include these share-based awards in the computation of net income per common share (diluted) because their exercise would have anti-dilutive effects.