Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

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

The following tables provide 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 June 30,			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	$	344			305
Less: Income allocated to participating securities		4			3
Net income allocated to common shareholders	$	340	741	0.46	302	759	0.40
Earnings Per Diluted Share:
Net income available to common shareholders	$	344			305
Effect of dilutive securities:
Stock-based awards		-	11		-	6
Net income available to common shareholders plus assumed conversions		344			305
Less: Income allocated to participating securities		4			3
Net income allocated to common shareholders
plus assumed conversions	$	340	752	0.45	302	765	0.39

A net tax deficiency of $5 was reclassified from capital surplus to applicable income tax expense and average common shares outstanding - diluted were adjusted for the three months ended June 30, 2016 related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016

		2017				2016^(a)
For the six months ended June 30,			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	$	634			616
Less: Income allocated to participating securities		7			6
Net income allocated to common shareholders	$	627	745	0.84	610	766	0.80
Earnings Per Diluted Share:
Net income available to common shareholders	$	634			616
Effect of dilutive securities:
Stock-based awards		-	12		-	5
Net income available to common shareholders plus assumed conversions		634			616
Less: Income allocated to participating securities		7			6
Net income allocated to common shareholders
plus assumed conversions	$	627	757	0.83	610	771	0.79

Net tax deficiencies of $6 were reclassified from capital surplus to applicable income tax expense and average common shares outstanding - diluted were adjusted for the six months ended June 30, 2016 related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.