Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

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Schedule Of Basic And Diluted Earnings Per Share

The following table presents the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2019 and 2018:

	Three Months Ended September 30,					Nine Months Ended September 30,
In millions except per share amounts	2019		2018			2019			2018
Basic earnings per share:
Net income (loss)	$	71	$	(45	)	$	(116	)	$	(289	)
Less: undistributed earnings allocated to participating securities		4		-			-			-
Net income (loss) available to common shareholders		67		(45	)		(116	)		(289	)
Basic weighted average shares (1)		78.7		89.5			82.8			89.1
Net income (loss) per basic common share	$	0.86	$	(0.50	)	$	(1.40	)	$	(3.24	)
Diluted earnings per share:
Net income (loss)	$	71	$	(45	)	$	(116	)	$	(289	)
Less: undistributed earnings allocated to participating securities		4		-			-			-
Net income (loss) available to common shareholders		67		(45)			(116	)		(289	)
Diluted weighted average shares		78.7		89.5			82.8			89.1
Net income (loss) per diluted common share	$	0.86	$	(0.50	)	$	(1.40	)	$	(3.24	)
Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect		4.5		1.4			4.5			1.4

(1) - Includes 1.1 million and 0.9 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the three months ended September 30, 2019 and 2018, respectively. Includes 1.0 million and 0.8 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the nine months ended September 30, 2019 and 2018, respectively.