Earnings Per Common Share

6 Months Ended

Jun. 30, 2013

Earnings Per Common Share [Abstract]

Earnings Per Common Share

7.Earnings Per Common Share

Basic earnings per common share (EPS) is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if dilutive potential common shares had been issued. Dilutive potential common shares include, if dilutive, the effect of outstanding stock options and unvested restricted stock awards and units. EPS under the basic and diluted computations is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Net income	$	256	$	275	$	462	$	470
Preferred stock dividends		(23)		(14)		(31)		(14)
Net income available to common stockholders	$	233	$	261	$	431	$	456
Weighted-average common shares outstanding — basic		1,282		1,273		1,280		1,272
Common stock equivalent shares related to stock incentive plans		6		1		5		1
Weighted-average common shares outstanding — diluted (1)		1,288		1,274		1,285		1,273
Basic EPS	$	.18	$	.20	$	.33	$	.36
Diluted EPS	$	.18	$	.20	$	.33	$	.36

⁽¹⁾ Antidilutive stock options and restricted stock awards excluded from the calculation of diluted EPS totaled 28 million and 59 million shares for the second quarters of 2013 and 2012, respectively, and 32 million and 61 million shares for the first halves of 2013 and 2012, respectively.