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Earnings (Loss) Per Common Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings (Loss) Per Common Share
e following table presents a reconciliation of net income (loss) and shares used in calculating basic earnings (loss) per common share to those used in calculating diluted earnings (loss) per common share. Diluted potential common shares are included in the calculation of all diluted per share amounts provided there is income from continuing operations, net of tax, available to common shareholders.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions, except for per share data)
2014
2013
 
2014
2013
Earnings
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
Income from continuing operations, net of tax
$
150

$
233

 
$
616

$
476

Less: Preferred stock dividends
—

—

 
—

10

Income from continuing operations, net of tax, available to common shareholders
$
150

$
233

 
$
616

$
466

Add: Dilutive effect of preferred stock dividends
—

—

 
—

10

Income from continuing operations, net of tax, available to common shareholders and assumed conversion of preferred shares
$
150

$
233

 
$
616

$
476

Loss from discontinued operations, net of tax
$
(617
)
$
(423
)
 
$
(588
)
$
(907
)
Net income (loss)
 
 
 
 
 
Net income (loss)
$
(467
)
$
(190
)
 
$
28

$
(431
)
Less: Preferred stock dividends
—

—

 
—

10

Net income (loss) available to common shareholders
$
(467
)
$
(190
)
 
$
28

$
(441
)
Add: Dilutive effect of preferred stock dividends
—

—

 
—

10

Net income (loss) available to common shareholders and assumed conversion of preferred shares
$
(467
)
$
(190
)
 
$
28

$
(431
)
Shares
 
 
 
 
 
Weighted average common shares outstanding, basic
450.6

451.4

 
450.2

443.8

Dilutive effect of warrants
11.0

33.4

 
16.9

32.6

Dilutive effect of stock compensation plans
6.3

4.2

 
6.2

4.0

Dilutive effect of mandatory convertible preferred shares
—

—

 
—

12.4

Weighted average shares outstanding and dilutive potential common shares
467.9

489.0

 
473.3

492.8

Earnings (loss) per common share
 
 
 
 
 
Basic
 
 
 
 
 
Income from continuing operations, net of tax, available to common shareholders
$
0.33

$
0.52

 
$
1.37

$
1.05

Loss from discontinued operations, net of tax
(1.37
)
(0.94
)
 
(1.31
)
(2.04
)
Net income (loss) available to common shareholders
$
(1.04
)
$
(0.42
)
 
$
0.06

$
(0.99
)
Diluted
 
 
 
 
 
Income from continuing operations, net of tax, available to common shareholders
$
0.32

$
0.48

 
$
1.30

$
0.97

Loss from discontinued operations, net of tax
(1.32
)
(0.87
)
 
(1.24
)
(1.84
)
Net income (loss) available to common shareholders
$
(1.00
)
$
(0.39
)
 
$
0.06

$
(0.87
)