Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings (Loss) Per Common Share (Tables) [Abstract]

Earnings (Loss) Per Common Share

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In millions, except for per share data)	2011			2010			2011		2010
Earnings
Income from continuing operations
Income from continuing operations, net of tax	$	104		$	175		$	453	$	495
Less: Preferred stock dividends and accretion of discount		11			11			21		494
Income from continuing operations, net of tax, available to common shareholders		93			164			432		1
Add: Dilutive effect of preferred stock dividends		—			—			—		—
Income from continuing operations, net of tax, available to common shareholders and assumed conversion of preferred shares	$	93		$	164		$	432	$	1
Income (loss) from discontinued operations, net of tax	$	(80	)	$	(99	)	$	82	$	(100	)
Net income
Net income	$	24		$	76		$	535	$	395
Less: Preferred stock dividends and accretion of discount		11			11			21		494
Net income (loss) available to common shareholders		13			65			514		(99	)
Add: Dilutive effect of preferred stock dividends		—			—			21		—
Net income (loss) available to common shareholders and assumed conversion of preferred shares	$	13		$	65		$	535	$	(99	)
Shares
Weighted average common shares outstanding, basic		445.1			443.9			444.9		418.8
Dilutive effect of warrants		36.3			35.2			38.6		—
Dilutive effect of stock compensation plans		1.0			1.1			1.4		—
Dilutive effect of mandatory convertible preferred shares		—			—			20.7		—
Weighted average shares outstanding and dilutive potential common shares		482.4			480.2			505.6		418.8
Earnings (loss) per common share
Basic
Income from continuing operations, net of tax, available to common shareholders	$	0.21		$	0.37		$	0.97	$	—
Income (loss) from discontinued operations, net of tax		(0.18	)		(0.22	)		0.19		(0.24	)
Net income (loss) available to common shareholders	$	0.03		$	0.15		$	1.16	$	(0.24	)
Diluted
Income from continuing operations, net of tax, available to common shareholders	$	0.19		$	0.34		$	0.89	$	—
Income (loss) from discontinued operations, net of tax		(0.16	)		(0.20	)		0.17		(0.24	)
Net income (loss) available to common shareholders	$	0.03		$	0.14		$	1.06	$	(0.24	)