XML 67 R10.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Earnings Per Common Share | 12 Months Ended
--- | ---
Dec. 31, 2018
Earnings Per Share [Abstract] |
Earnings Per Common Share | 3. EARNINGS (LOSS) PER COMMON SHARE Computation of Basic and Diluted Earnings per Common Share
| For the years ended December 31,
(In millions, except for per share data) | 2018 | 2017 | 2016
Earnings |  |  |
Income (loss) from continuing operations, net of tax | $ | 1,485 |  | $ | (262 | ) | $ | 613 |
Less: Preferred stock dividends | 6 |  | — |  | — |
Income (loss) from continuing operations, net of tax, available to common stockholders | 1,479 |  | (262 | ) | 613 |
Income (loss) from discontinued operations, net of tax, available to common stockholders | 322 |  | (2,869 | ) | 283 |
Net income (loss) available to common stockholders | 1,801 |  | (3,131 | ) | 896 |
Shares |  |  |  |  |  |
Weighted average common shares outstanding, basic | 358.4 |  | 363.7 |  | 387.7 |
Dilutive effect of warrants | 1.9 |  | — |  | 3.6 |
Dilutive effect of stock-based awards under compensation plans | 3.8 |  | — |  | 3.5 |
Weighted average common shares outstanding and dilutive potential common shares [1] | 364.1 |  | 363.7 |  | 394.8 |
Earnings per common share |  |  |
Basic |  |  |
Income (loss) from continuing operations, net of tax, available to common stockholders | $ | 4.13 |  | $ | (0.72 | ) | $ | 1.58 |
Income (loss) from discontinued operations, net of tax, available to common stockholders | 0.90 |  | (7.89 | ) | 0.73 |
Net income (loss) available to common stockholders | $ | 5.03 |  | $ | (8.61 | ) | $ | 2.31 |
Diluted |  |  |  |  |  |
Income (loss) from continuing operations, net of tax, available to common stockholders | $ | 4.06 |  | $ | (0.72 | ) | $ | 1.55 |
Income (loss) from discontinued operations, net of tax, available to common stockholders | 0.89 |  | (7.89 | ) | 0.72 |
Net income (loss) available to common stockholders | $ | 4.95 |  | $ | (8.61 | ) | $ | 2.27 |
[1] | For additional information, see Note 15 - Equity and Note 19 - Stock Compensation Plans of Notes to Consolidated Financial Statements.
Basic earnings per common share is computed based on the weighted average number of common shares outstanding during the year. Diluted earnings per common share includes the dilutive effect of assumed exercise or issuance of warrants and stock-based awards under compensation plans. In periods where a loss from continuing operations available to common stockholders or net loss available to common stockholders is recognized, inclusion of incremental dilutive shares would be antidilutive. Due to the antidilutive impact, such shares are excluded from the diluted earnings per share calculation of income (loss) from continuing operations, net of tax, available to common stockholders and net income (loss) available to common stockholders in such periods. As a result, for the year ended December 31, 2017, the Company was required to use basic weighted average common shares outstanding in the diluted calculations, since the inclusion of 4.3 million shares for stock compensation plans and 2.5 million shares for warrants would have been antidilutive to the calculations. 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.

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 The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration