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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Reconciliation of basic earnings (loss) per share to diluted earnings (loss) per share
The reconciliation of basic earnings per share to diluted earnings per share is shown in the following table.
 
Three months ended June 30,
 
Six months ended June 30,
 
 
(millions, except per-share data)
2014
 
2013
 
2014
 
2013
Income from continuing operations
$
58

 
$
25

 
$
103

 
$
27

Loss from discontinued operations
(1
)
 

 
(1
)
 

Net income
57

 
25

 
102

 
27

Effect of dilutive securities - RSUs, MSUs, performance shares and stock options

 

 

 

Effect of dilutive securities - 10% convertible senior notes

 

 
2

 

Effect of dilutive securities - Deferred compensation program for non-employee directors

 

 

 

Income available to shareholders
$
57

 
$
25

 
$
104

 
$
27

 
 
 
 
 
 
 
 
Average common shares
144.5

 
108.5

 
139.7

 
108.4

Dilutive RSUs, MSUs, performance shares and stock options
2.3

 
2.3

 
2.5

 
2.6

Common shares issuable upon conversion of our 10% convertible senior notes

 

 
4.7

 

Deferred shares associated with a deferred compensation program for non-employee directors
0.2

 
0.2

 

 
0.2

Average diluted common shares
147.0

 
111.0

 
146.9

 
111.2

 
 
 
 
 
 
 
 
Earnings (loss) per average common share:
 
 
 
 
 
 
 
     Income from continuing operations
$
0.40

 
$
0.23

 
$
0.74

 
$
0.25

     Loss from discontinued operations
(0.01
)
 

 
(0.01
)
 

Earnings per average common share
$
0.39

 
$
0.23

 
$
0.73

 
$
0.25

 
 
 
 
 
 
 
 
Diluted earnings (loss) per average common share:
 
 
 
 
 
 
 
     Income from continuing operations
$
0.39

 
$
0.22

 
$
0.72

 
$
0.24

     Loss from discontinued operations
(0.01
)
 

 
(0.01
)
 

Earnings per average diluted common share
$
0.38

 
$
0.22

 
$
0.71

 
$
0.24

Schedule of antidilutive securities excluded from computation of earnings per share
MSUs, performance shares, RSUs, stock options and common shares issuable upon conversion of our 10% convertible senior notes that were not included in the computation of diluted earnings per share for those periods because their inclusion would be anti-dilutive were as follows:
 
Three months ended June 30,
 
Six months ended June 30,
(millions, common shares)
2014
 
2013
 
2014
 
2013
MSUs, performance shares, RSUs and stock options
2.1

 
2.3

 
2.1

 
2.3

10% convertible senior notes due 2018

 
35.1

 

 
35.1