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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share



 

 

 

 

 



For the three months ended March 31,



2017

 

2016



(in millions, except share/per share amounts)

Net income (loss)

$

351 

 

$

(1,132)

Mandatory convertible preferred stock dividend

 

27 

 

 

27 

Participating securities - mandatory convertible preferred stock

 

43 

 

 

–  

Net income (loss) attributable to common stock

$

281 

 

$

(1,159)



 

 

 

 

 

Number of common shares:

 

 

 

 

 

Weighted average outstanding

 

493,068,000 

 

 

382,870,847 

Issued upon assumed exercise of outstanding stock options

 

82,845 

 

 

–  

Effect of issuance of non-vested restricted common stock

 

770,429 

 

 

–  

Effect of issuance of non-vested performance units

 

573,721 

 

 

–  

Effect of issuance of mandatory convertible preferred stock

 

–  

 

 

–  

Weighted average and potential dilutive outstanding

 

494,494,995 

 

 

382,870,847 



 

 

 

 

 

Earnings (Loss) per common share:

 

 

 

 

 

Basic

$

0.57 

 

$

(3.03)

Diluted

$

0.57 

 

$

(3.03)



Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share



 

 

 



For the three months ended March 31,



2017

 

2016

Unvested stock options

1,854,004 

 

5,732,521 

Unvested share-based payment

1,212,396 

 

5,779,820 

Performance units

–  

 

297,297 

Mandatory convertible preferred stock

74,999,895 

 

74,999,895 

Total

78,066,295 

 

86,809,533