Computation of Basic/Diluted Earnings Per Common Share

12 Months Ended

Dec. 31, 2019

Computation of Basic/Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (amounts in millions, except per share data):



	For the Years Ended December 31,
	2019		2018		2017
Numerator:
Consolidated net income	$	1,503	$	1,848	$	273

Denominator:
Denominator for basic earnings per common share—weighted-average common shares outstanding	767		762		754
Effect of dilutive stock options and awards under the treasury stock method	4		9		12
Denominator for diluted earnings per common share—weighted-average common shares outstanding plus dilutive common shares under the treasury stock method	771		771		766
Basic earnings per common share	$	1.96	$	2.43	$	0.36
Diluted earnings per common share	$	1.95	$	2.40	$	0.36

The vesting of certain of our employee-related restricted stock units and options is contingent upon the satisfaction of pre-defined performance measures. The shares underlying these equity awards are included in the weighted-average dilutive common shares only if the performance measures are met as of the end of the reporting period. Additionally, potential common shares are not included in the denominator of the diluted earnings per common share calculation when the inclusion of such shares would be anti-dilutive.

Weighted-average shares excluded from the computation of diluted earnings per share were as follows (amounts in millions):



	For the For the Years Ended December 31,
	2019	2018	2017
Restricted stock units and options with performance measures not yet met	2	4	7
Anti-dilutive employee stock options	6	3	1