Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Basic and Diluted

The following tables provide the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share:

	2020					2019
For the three months ended June 30, (in millions, except per share data)	Income		Average Shares	Per Share Amount		Income		Average Shares	Per Share Amount
Earnings Per Share:
Net income available to common shareholders	$	163				$	427
Less: Income allocated to participating securities	1					4
Net income allocated to common shareholders	$	162	715	$	0.23	$	423	738	$	0.57
Earnings Per Diluted Share:
Net income available to common shareholders	$	163				$	427
Effect of dilutive securities:
Stock-based awards	—		3			—		10
Net income available to common shareholders plus assumed conversions	163					427
Less: Income allocated to participating securities	1					4
Net income allocated to common shareholders plus assumed conversions	$	162	718	$	0.23	$	423	748	$	0.57

	2020					2019
For the six months ended June 30, (in millions, except per share data)	Income		Average Shares	Per Share Amount		Income		Average Shares	Per Share Amount
Earnings Per Share:
Net income available to common shareholders	$	193				$	1,187
Less: Income allocated to participating securities	2					11
Net income allocated to common shareholders	$	191	714	$	0.27	$	1,176	700	$	1.68
Earnings Per Diluted Share:
Net income available to common shareholders	$	193				$	1,187
Effect of dilutive securities:
Stock-based awards	—		5			—		9
Net income available to common shareholders plus assumed conversions	193					1,187
Less: Income allocated to participating securities	2					11
Net income allocated to common shareholders plus assumed conversions	$	191	719	$	0.27	$	1,176	709	$	1.66