Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

	For the three months ended March 31,
(in millions, except share/per share amounts)	2018		2017
Net income	$	208	$	351
Mandatory convertible preferred stock dividend		−		27
Participating securities - mandatory convertible preferred stock		3		43
Net income attributable to common stock	$	205	$	281
Number of common shares:
Weighted average outstanding		571,297,804		493,068,000
Issued upon assumed exercise of outstanding stock options		–		82,845
Effect of issuance of non-vested restricted common stock		914,096		770,429
Effect of issuance of non-vested performance units		1,632,559		573,721
Weighted average and potential dilutive outstanding		573,844,459		494,494,995
Earnings per common share:
Basic	$	0.36	$	0.57
Diluted	$	0.36	$	0.57

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

	For the three months ended March 31,
	2018	2017
Unexercised stock options	−	1,854,004
Unvested share-based payment	5,292,454	1,212,396
Performance units	574,944	–
Mandatory convertible preferred stock	9,999,815	74,999,895
Total	15,867,213	78,066,295