Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

Basic And Diluted Net Income Per Common Share

Basic and diluted net income per common share are presented in the following table.



	Three Months Ended March 31, 2019
(in millions, except per share data)	2019		2018
Basic and diluted
Net income	$	339	$	281
Less: Income allocated to participating securities	2		2
Net income attributable to common shares	$	337	$	279

Basic average common shares	158		172

Basic net income per common share	$	2.14	$	1.62

Basic average common shares	158		172
Dilutive common stock equivalents:
Net effect of the assumed exercise of stock options	2		2
Net effect of the assumed exercise of warrants	—		1
Diluted average common shares	160		175

Diluted net income per common share	$	2.11	$	1.59

Schedule of Average Shares Excluded from Diluted Net Income Per Common Share Computation

The following average shares related to outstanding options to purchase shares of common stock were not included in the computation of diluted net income per common share because the options were anti-dilutive for the period.



	Three Months Ended March 31, 2019
(shares in millions)	2019	2018
Average outstanding options	0.42	—
Range of exercise prices	$80.17 - $95.25	—