Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Basic And Diluted Net Income Per Common Share

NET INCOME PER COMMON SHARE

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

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions, except per share data)	2020		2019		2020		2019
Basic and diluted
Net income	$	211	$	292	$	259	$	929
Less:
Income allocated to participating securities	—		2		1		5
Preferred stock dividends	8		—		8		—
Net income attributable to common shares	$	203	$	290	$	250	$	924
Basic average common shares	139		147		139		152
Basic net income per common share	$	1.45	$	1.98	$	1.79	$	6.08
Basic average common shares	139		147		139		152
Dilutive common stock equivalents:
Net effect of the assumed exercise of stock awards	1		1		1		2
Diluted average common shares	140		148		140		154
Diluted net income per common share	$	1.44	$	1.96	$	1.78	$	6.02

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

	Three Months Ended September 30,		Nine Months Ended September 30,
(average outstanding options in thousands)	2020	2019	2020	2019
Average outstanding options	2,029	814	1,497	570
Range of exercise prices	$39.10 - $95.25	$67.53 - $95.25	$49.51 - $95.25	$67.53 - $95.25