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Income Per Common Share (Tables)
3 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Reconciliation of basic and diluted income per common share
The following table presents basic and diluted income per common share information for the three months ended June 30, 2013 and 2012.
 
Three Months Ended
June 30,
 
2013
 
2012
 
(in millions, except per share amounts)
Basic income per common share:
 
 
 
Net income
$
335

 
$
240

Less: Net income allocable to participating securities
(4
)
 
(3
)
Net income allocable to common shares
$
331

 
$
237

Weighted average common shares outstanding
450

 
465

Basic income per common share
$
0.74

 
$
0.51

 
 
 
 
Diluted income per common share:
 
 
 
Net income
$
335

 
$
240

Less: Net income allocable to participating securities
(4
)
 
(3
)
Net income allocable to common shares
$
331

 
$
237

Weighted average shares outstanding and common share equivalents:
 
 
 
Weighted average common shares outstanding
450

 
465

Weighted average effect of share-based payment awards
1

 
2

Denominator in calculation of diluted income per share
451

 
467

Diluted income per common share
$
0.73

 
$
0.51