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Income From Continuing Operations Per Common Share (Tables)
3 Months Ended
Jun. 30, 2016
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 months ended June 30, 2016 and 2015:
 
Three Months Ended
June 30,
 
2016
 
2015
 
(in millions, except per share amounts)
Basic income from continuing operations per common share:
 
 
 
Income from continuing operations
$
198

 
$
207

Less: Income from continuing operations allocable to participating securities
(2
)
 
(2
)
Income from continuing operations allocable to common shares
$
196

 
$
205

Weighted average common shares outstanding
414

 
436

Basic income from continuing operations per common share
$
0.47

 
$
0.47

 
 
 
 
Diluted income from continuing operations per common share:
 
 
 
Income from continuing operations
$
198

 
$
207

Less: Income from continuing operations allocable to participating securities
(2
)
 
(2
)
Income from continuing operations allocable to common shares
$
196

 
$
205

Weighted average shares outstanding and common share equivalents:
 
 
 
Weighted average common shares outstanding
414

 
436

Weighted average effect of share-based payment awards
1

 
2

Denominator in calculation of diluted income per share
415

 
438

Diluted income from continuing operations per common share
$
0.47

 
$
0.47