Earnings (Loss) Per Common Share Level 1 (Notes)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

2. Earnings Per Common Share

The following table presents the computation of basic and diluted earnings per common share.

	Three Months Ended March 31,
(In millions, except for per share data)	2015		2014
Earnings
Income from continuing operations, net of tax	$	467	$	466
Income from discontinued operations, net of tax	$	—	$	29
Net income	$	467	$	495
Shares
Weighted average common shares outstanding, basic	422.6		449.8
Dilutive effect of stock compensation plans	5.5		6.2
Dilutive effect of warrants	5.6		22.6
Weighted average common shares outstanding and dilutive potential common shares	433.7		478.6
Earnings per common share
Basic
Income from continuing operations, net of tax	$	1.11	$	1.04
Income from discontinued operations, net of tax	—		0.06
Net income per common share	$	1.11	$	1.10
Diluted
Income from continuing operations, net of tax	$	1.08	$	0.97
Income from discontinued operations, net of tax	—		0.06
Net income per common share	$	1.08	$	1.03

Basic earnings per share is computed based on the weighted average number of common shares outstanding during the year. Diluted potential common shares are included in the calculation of diluted per share amounts provided there is income from continuing operations, net of tax. Diluted earnings per share includes the dilutive effect of assumed exercise or issuance of warrants and stock-based awards under compensation plans using the treasury stock method.

Under the treasury stock method, for warrants and stock-based awards, shares are assumed to be issued and then reduced for the number of shares repurchaseable with theoretical proceeds at the average market price for the period. Contingently issuable shares are included for the number of shares issuable assuming the end of the reporting period was the end of the contingency period, if dilutive.