Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 12: Earnings Per Share

Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the dilutive effect of all stock options and other items outstanding during the period that could potentially result in the issuance of common stock. For the three months ended March 31, 2012 and 2011, there were 3,559,044 and 3,827,614, respectively, of stock options outstanding that were not included in the diluted earnings per share calculation because they were antidilutive.

The following table presents the computation of basic and diluted earnings per share for the three months ended March 31, 2012 and 2011:

	Three Months Ended March 31,
$ in millions except share and per share amounts	2012		2011
Net income (loss)	$	10	$	(1,274)
Basic weighted average shares(1)		193,489,424		199,972,759
Effect of common stock equivalents:
Stock options		1,105,550		-
Diluted weighted average shares		194,594,974		199,972,759
Net income (loss) per common share:
Basic	$	0.05	$	(6.37)
Diluted	$	0.05	$	(6.37)

(1) - Includes 5,219,053 and 5,228,926 of unvested restricted stock and units that receive nonforfeitable dividends or dividend equivalents for the three months ended March 31, 2012 and 2011, respectively.