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Net Income Per Common Share (Tables)
3 Months Ended
Mar. 31, 2012
Calculations for Basic and Diluted Earnings Per Share

Here are calculations for basic and diluted earnings per share:

 

 

(Dollars in millions except share data in thousands)   Three months ended March 31,   
    2012      2011   
Numerator:                
Net income—basic and diluted   $ 86     $ 61  
                 
Denominator:                
Weighted-average common shares outstanding     162,277       162,940  
Effect of stock based awards:                
Nonvested shares     541       526  
Stock options     327       204  
Adjusted weighted-average shares     163,145       163,670  
                 
Earnings per share:                
Basic   $ 0.53     $ 0.38  
Diluted     0.53       0.38  
                 
Number of anti-dilutive stock based awards     6,215       6,919