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Income From Continuing Operations Per Common Share (Tables)
9 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Reconciliation of basic and diluted income from continuing operations per common share
The following table presents basic and diluted income from continuing operations per common share information for the three and nine months ended December 31, 2014 and 2013:
 
Three Months Ended
December 31,
 
Nine Months Ended
December 31,
 
2014
 
2013
 
2014
 
2013
 
(in millions, except per share amounts)
Basic income from continuing operations per common share:
 
 
 
 
 
 
 
Income from continuing operations
$
218

 
$
225

 
$
665

 
$
786

Less: Income from continuing operations allocable to participating securities
(2
)
 
(2
)
 
(7
)
 
(8
)
Income from continuing operations allocable to common shares
$
216

 
$
223

 
$
658

 
$
778

Weighted average common shares outstanding
440

 
446

 
440

 
448

Basic income from continuing operations per common share
$
0.49

 
$
0.50

 
$
1.50

 
$
1.74

 
 
 
 
 
 
 
 
Diluted income from continuing operations per common share:
 
 
 
 
 
 
 
Income from continuing operations
$
218

 
$
225

 
$
665

 
$
786

Less: Income from continuing operations allocable to participating securities
(2
)
 
(2
)
 
(7
)
 
(8
)
Income from continuing operations allocable to common shares
$
216

 
$
223

 
$
658

 
$
778

Weighted average shares outstanding and common share equivalents:
 
 
 
 
 
 
 
Weighted average common shares outstanding
440

 
446

 
440

 
448

Weighted average effect of share-based payment awards
1

 
2

 
1

 
1

Denominator in calculation of diluted income per share
441

 
448

 
441

 
449

Diluted income from continuing operations per common share
$
0.49

 
$
0.50

 
$
1.49

 
$
1.73