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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Common Share  
Schedule of reconciliations of the numerators and denominators used in the computations of basic and diluted earnings per common share

 

Reconciliations of the numerators and denominators used in the computations of basic and diluted earnings per common share were as follows, in millions:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Numerator (basic and diluted):

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

111

 

$

533

 

$

281

 

$

735

 

Less: Allocation to unvested restricted stock awards

 

2

 

11

 

4

 

15

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to common shareholders

 

109

 

522

 

277

 

720

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations, net

 

 

10

 

(1

)

21

 

Less: Allocation to unvested restricted stock awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations attributable to common shareholders

 

 

10

 

(1

)

21

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

109

 

$

532

 

$

276

 

$

741

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Basic common shares (based upon weighted average)

 

335

 

350

 

340

 

350

 

Add:

 

 

 

 

 

 

 

 

 

Stock option dilution

 

3

 

3

 

4

 

3

 

 

 

 

 

 

 

 

 

 

 

Diluted common shares

 

338

 

353

 

344

 

353