Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 4 — Earnings Per Share (“EPS”)

Basic and diluted earnings per share were computed as follows:

			Effect of
(Dollars in millions, except per share amounts)	Basic		Dilution		Diluted
Three Months Ended March 31,
2013
Shareholders' net income	$	57			$	57
Shares (in thousands):
Weighted average		283,804				283,804
Common stock equivalents				5,454		5,454
Total shares		283,804		5,454		289,258
EPS	$	0.20	$	-	$	0.20
2012
Shareholders' net income	$	371			$	371
Shares (in thousands):
Weighted average		285,159				285,159
Common stock equivalents				3,840		3,840
Total shares		285,159		3,840		288,999
EPS	$	1.30	$	(0.02)	$	1.28

			Effect of
(Dollars in millions, except per share amounts)	Basic		Dilution		Diluted
Three Months Ended March 31,
2013
Shareholders' net income	$	57			$	57
Shares (in thousands):
Weighted average		284,033				284,033
Common stock equivalents				5,454		5,454
Total shares		284,033		5,454		289,487
EPS	$	0.20	$	0.00	$	0.20
2012
Shareholders' net income	$	371			$	371
Shares (in thousands):
Weighted average		285,159				285,159
Common stock equivalents				3,840		3,840
Total shares		285,159		3,840		288,999
EPS	$	1.30	$	(0.02)	$	1.28

The following outstanding employee stock options were not included in the computation of diluted earnings per share because their effect would have increased diluted earnings per share (antidilutive) as their exercise price was greater than the average share price of the Company's common stock for the period.

	Three Months Ended
	March 31,
(In millions)	2013	2012
Antidilutive options	0.0	3.8

The Company held 80,302,892shares of common stock in Treasury as of March 31, 2013, and 77,847,260shares as of March 31, 2012.