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Income Per Common Share (Tables)
 9 Months Ended
Dec. 31, 2017
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 and nine months ended December 31, 2017 and 2016:
 
Three Months Ended
December 31,
 
Nine Months Ended
December 31,
 
2017
 
2016
 
2017
 
2016
 
(in millions, except per share amounts)
Basic (loss) income per common share:
 
 
 
 
 
 
 
Net (loss) income
$
(93
)
 
$
208

 
$
269

 
$
618

Less: Net income allocable to participating securities
—

 
(2
)
 
(5
)
 
(7
)
Net (loss) income allocable to common shares
$
(93
)
 
$
206

 
$
264

 
$
611

Weighted average common shares outstanding
413

 
413

 
414

 
414

Basic (loss) income per common share
$
(0.23
)
 
$
0.50

 
$
0.64

 
$
1.48

 
 
 
 
 
 
 
 
Diluted (loss) income per common share:
 
 
 
 
 
 
 
Net (loss) income
$
(93
)
 
$
208

 
$
269

 
$
618

Less: Net income allocable to participating securities
—

 
(2
)
 
(5
)
 
(7
)
Net (loss) income allocable to common shares
$
(93
)
 
$
206

 
$
264

 
$
611

Weighted average shares outstanding and common share equivalents:
 
 
 
 
 
 
 
Weighted average common shares outstanding
413

 
413

 
414

 
414

Weighted average effect of share-based payment awards
—

 
1

 
1

 
1

Denominator in calculation of diluted income per share
413

 
414

 
415

 
415

Diluted (loss) income per common share
$
(0.23
)
 
$
0.50

 
$
0.64

 
$
1.47