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CAPITAL STOCK (Tables)
3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Net Income Per Common Share

A reconciliation of the components of basic and diluted net income per common share for the quarters ended March 31, 2014 and 2013 is presented in the table below.

 

     For the Quarter Ended March 31,  
     2014     2013  
     Income     Shares      Per Share     Income     Shares      Per Share  
     (In millions, except per share amounts)  

Basic:

  

           

Income from continuing operations

   $ 753       394      $ 1.92     $ 759       392      $ 1.94  

Loss from discontinued operations

     (517     394        (1.32     (61     392        (0.16
  

 

 

      

 

 

   

 

 

      

 

 

 

Income attributable to common stock

   $ 236       394      $ 0.60     $ 698       392      $ 1.78  
  

 

 

      

 

 

   

 

 

      

 

 

 

Effect of Dilutive Securities:

  

           

Mandatory Convertible Preferred Stock

   $ —         —          $ 19       14     

Stock options and other

     —         2          —         2     

Diluted:

  

           

Income from continuing operations

   $ 753       396      $ 1.90     $ 778       408      $ 1.91  

Loss from discontinued operations

     (517     396        (1.30     (61     408        (0.15
  

 

 

      

 

 

   

 

 

      

 

 

 

Income attributable to common stock

   $ 236       396      $ 0.60     $ 717       408      $ 1.76