Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share

The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share:

		2017				2016^(a)
For the three months ended March 31,			Average	Per Share		Average	Per Share
(in millions, except per share data)		Income	Shares	Amount	Income	Shares	Amount
Earnings Per Share:
Net income available to common shareholders	$	290			311
Less: Income allocated to participating securities		4			3
Net income allocated to common shareholders	$	286	748	0.38	308	774	0.40
Earnings Per Diluted Share:
Net income available to common shareholders	$	290			311
Effect of dilutive securities:
Stock-based awards		-	13		-	4
Net income available to common shareholders		290			311
plus assumed conversions
Less: Income allocated to participating securities		4			3
Net income allocated to common shareholders
plus assumed conversions	$	286	761	0.38	308	778	0.40

A net tax deficiency of $1 million was reclassified from capital surplus to applicable income tax expense and average common shares outstanding – diluted were adjusted at March 31, 2016, related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.