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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Common Share
23. Earnings Per Common Share

 

Basic 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 the effect of outstanding stock options and unvested restricted stock awards and units. EPS under the basic and diluted computations is as follows:

 

Year Ended December 31,

        2012               2011               2010       

Net income

   $ 928      $ 864      $ 454   

Preferred stock dividends

     (45 )      —        —   
 

 

 

    

 

 

    

 

 

  

Net income available to common stockholders

   $ 883      $ 864      $ 454   
 

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding — basic

     1,274        1,227        1,191   

Common stock equivalent shares related to stock incentive plans

     1        2        3   
 

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding — diluted (1)

     1,275        1,229        1,194   
 

 

 

    

 

 

    

 

 

  

Basic EPS

   $ .69      $ .70      $ .38   

Diluted EPS

   $ .69      $ .70      $ .38   
 

 

 

    

 

 

    

 

 

  

 

(1) 

Antidilutive stock options and restricted stock awards excluded from the calculation of diluted EPS totaled 74 million, 63 million, and 52 million shares in 2012, 2011, and 2010, respectively.