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Earnings Per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per Share
 
Reconciliation of the numerators and denominators of the earnings per share calculations — 

Three Months Ended
September 30,

Nine Months Ended
September 30,
 
2013

2012

2013

2012
Income from continuing operations
$
72


$
60


$
217


$
222

Less: Noncontrolling interests
3


4


15


10

Less: Preferred stock dividend requirements
6


8


21


23

Less: Preferred stock redemption premium
232

 
 
 
232

 
 
Income (loss) from continuing operations available to common stockholders - Numerator basic
(169
)

48


(51
)

189

Preferred stock dividend requirements



8





23

Numerator diluted
$
(169
)

$
56


$
(51
)

$
212













Net income (loss) available to common stockholders - Numerator basic
$
(170
)

$
48


$
(51
)

$
189

Preferred stock dividend requirements



8





23

Numerator diluted
$
(170
)

$
56


$
(51
)

$
212

























Weighted-average number of shares outstanding - Denominator basic
145.8


148.1


146.6


147.8

Employee compensation-related shares, including stock options



1.7





2.2

Conversion of preferred stock



64.7





64.7

Denominator diluted
145.8


214.5


146.6


214.7


 
The share count for diluted earnings per share is computed on the basis of the weighted-average number of common shares outstanding plus the effects of dilutive common stock equivalents (CSEs) outstanding during the period. We excluded 0.1 million and 1.6 million CSEs from the calculations of diluted earnings per share for the respective quarters ended September 30 and 0.4 million and 1.1 million CSEs from the calculations of diluted earnings per share for the respective year-to-date periods ended September 30 as the effect of including them would have been anti-dilutive. In addition, we excluded CSEs that satisfied the definition of potentially dilutive shares of 1.7 million and 1.6 million for the quarter and nine months ended September 30, 2013 since there was no net income available to common stockholders for these periods.

We excluded 7.3 million and 16.3 million shares related to the assumed conversion of our Series A preferred stock for the quarter and nine months ended September 30, 2013, and 38.8 million and 42.1 million shares related to the assumed conversion of our Series B preferred stock for the same periods, along with the adjustment for the related dividend requirements, as the conversions would have been anti-dilutive for these periods.