Earnings Per Share

3 Months Ended

Mar. 31, 2014

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 March 31,
	2014		2013
Income from continuing operations	$	38	$	48
Less: Noncontrolling interests	3		8
Less: Preferred stock dividend requirements	3		8
Income from continuing operations available to common stockholders - Numerator basic	32		32
Preferred stock dividend requirements	3		8
Numerator diluted	$	35	$	40
Net income available to common stockholders - Numerator basic	$	31	$	34
Preferred stock dividend requirements	3		8
Numerator diluted	$	34	$	42
Weighted-average number of shares outstanding - Denominator basic	150.7		148.0
Employee compensation-related shares, including stock options	1.1		1.7
Conversion of preferred stock	25.2		64.7
Denominator diluted	177.0		214.4

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 0.8 million CSEs from the calculations of diluted earnings per share for the quarter ended March 31, 2013 as the effect of including them would have been anti-dilutive.