XML 39 R21.htm IDEA: XBRL DOCUMENT v3.3.1.900
Net Income/(Loss) Per Common Share
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Net Income/(Loss) Per Share
NOTE 12 – NET INCOME PER COMMON SHARE
Equivalent shares of 14 million, 15 million, and 18 million related to common stock options and common stock warrants outstanding at December 31, 2015, 2014, and 2013, respectively, were excluded from the computations of diluted net income per average common share because they would have been anti-dilutive.
Reconciliations of net income to net income available to common shareholders and the difference between average basic common shares outstanding and average diluted common shares outstanding are presented below.
 
Year Ended December 31
(Dollars and shares in millions, except per share data)
2015
 
2014
 
2013
Net income

$1,933

 

$1,774

 

$1,344

Preferred dividends
(64
)
 
(42
)
 
(37
)
Dividends and undistributed earnings allocated to unvested shares
(6
)
 
(10
)
 
(10
)
Net income available to common shareholders

$1,863

 

$1,722

 

$1,297

 
 
 
 
 
 
Average basic common shares
515

 
528

 
534

Effect of dilutive securities:
 
 
 
 
 
Stock options
2

 
1

 
1

Restricted stock, RSUs, and warrants
4

 
4

 
4

Average diluted common shares
521

 
533

 
539

 
 
 
 
 
 
Net income per average common share - diluted

$3.58

 

$3.23

 

$2.41

Net income per average common share - basic

$3.62

 

$3.26

 

$2.43