XML 45 R36.htm IDEA: XBRL DOCUMENT
v3.20.2

Earnings Per Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Earnings Per Share [Abstract] |
Reconciliation of Information Used to Compute Basic and Diluted EPS | The information used to compute basic and diluted EPS attributable to the Company's common shareholders was as follows (shares in millions):
| Second quarter ended |  |  |  |  | Six months ended |  |
| June 30, |  |  |  |  | June 30, |  |
| 2020 |  | 2019 |  |  | 2020 |  | 2019
Net income (loss) attributable to common shareholders: |  |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to common shareholders | $ | (84) |  |  | $ | (136) |  |  |  | $ | 69 |  |  | $ | (50) |
Income (loss) attributable from discontinued operations | (12) |  |  | 15 |  |  |  | 50 |  |  | 116 |
Net income (loss) attributable to common shareholders | (96) |  |  | (121) |  |  |  | 119 |  |  | 66 |
Less: preferred stock dividends declared | — |  |  | — |  |  |  | (1) |  |  | (1) |
Net income available to the Company's common shareholders - basic | (96) |  |  | (121) |  |  |  | 118 |  |  | 65 |
Add: Interest expense related to convertible notes | — |  |  | 3 |  |  |  | — |  |  | 6 |
Net income available to the Company's common shareholders - diluted | $ | (96) |  |  | $ | (118) |  |  |  | $ | 118 |  |  | $ | 71 |
Average shares outstanding - basic | 436 |  |  | 445 |  |  |  | 436 |  |  | 458 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Stock options | — |  |  | — |  |  |  | — |  |  | — |
Stock and performance awards | — |  |  | — |  |  |  | 4 |  |  | 4 |
Convertible notes(1) | — |  |  | — |  |  |  | — |  |  | — |
Average shares outstanding - diluted | 436 |  |  | 445 |  |  |  | 440 |  |  | 462 |
(1)The convertible notes matured on October 15, 2019. No shares of the Company’s common stock were issued in connection with the maturity or the final conversion of the convertible notes. As of October 15, 2019, the calculation of average diluted shares outstanding ceased to include the approximately 15 million shares of common stock and the corresponding interest expense previously attributable to the convertible notes.
Schedule of Anti Dilutive Securities Excluded From Computation of Weighted Average Shares Outstanding | The following shares were excluded from the calculation of average shares outstanding – diluted as their effect was anti-dilutive (shares in millions).
| Second quarter ended |  |  |  |  | Six months ended |  |
| June 30, |  |  |  |  | June 30, |  |
| 2020 |  | 2019 |  |  | 2020 |  | 2019
Convertible notes | — |  |  | 14 |  |  |  | — |  |  | 14 |
Stock options(1) | 3 |  |  | 3 |  |  |  | 3 |  |  | 3 |
Stock and performance awards | 3 |  |  | 4 |  |  |  | — |  |  | — |
(1)The weighted average exercise price per share of options excluded from diluted EPS was $26.04 and $32.66 as of June 30, 2020 and June 30, 2019, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration