NOTE 9. EARNINGS PER SHARE

The following table represents the calculation of net earnings per common share – basic and diluted:

	Second Quarter					First Half
(In millions, except per share amounts)	2018			2017		2018		2017
Basic Earnings Per Share
Numerator:
Net income from continuing operations	$	19		$	21	$	52	$	95
Income from discontinued operations, net of tax		(3	)		3		5		45
Net income	$	16		$	24	$	57	$	140
Denominator:
Weighted-average shares outstanding		557			518		556		517
Basic earnings per share:
Continuing operations	$	0.03		$	0.04	$	0.09	$	0.18
Discontinued operations		—			0.01		0.01		0.09
Net earnings per share	$	0.03		$	0.05	$	0.10	$	0.27
Diluted Earnings Per Share
Numerator:
Net income from continuing operations	$	19		$	21	$	52	$	95
Income from discontinued operations, net of tax		(3	)		3		5		45
Net income	$	16		$	24	$	57	$	140
Denominator:
Weighted-average shares outstanding		557			518		556		517
Effect of dilutive securities:
Stock options and restricted stock		8			14		8		15
Diluted weighted-average shares outstanding		565			532		564		532
Diluted earnings per share:
Continuing operations	$	0.03		$	0.04	$	0.09	$	0.18
Discontinued operations		—			0.01		0.01		0.08
Net diluted earnings per share	$	0.03		$	0.05	$	0.10	$	0.26

Awards of stock options and nonvested shares representing approximately 7 million additional shares of common stock were outstanding for the second quarter and first half of 2018, and approximately 4 million for the second quarter and first half of 2017, but were not included in the computation of diluted weighted-average shares outstanding because their effect would have been antidilutive.