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Earnings Per Common Share
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Common Share
3. EARNINGS PER COMMON SHARE
Computation of Basic and Diluted Earnings per Common Share
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In millions, except for per share data)
2019
2018
 
2019
2018
Earnings
 
 
 
 
 
Income from continuing operations, net of tax
$
372

$
434

 
$
1,002

$
862

Less: Preferred stock dividends


 
5


Income from continuing operations, net of tax, available to common stockholders
372

434

 
$
997

$
862

Income from discontinued operations, net of tax, available to common stockholders

148

 

317

Net income available to common stockholders
$
372

$
582

 
$
997

$
1,179

Shares
 
 
 
 
 
Weighted average common shares outstanding, basic
361.4

358.3

 
360.7

357.9

Dilutive effect of stock-based awards under compensation plans
3.2

4.0

 
3.3

4.2

Dilutive effect of warrants [1]
0.5

1.9

 
0.9

2.0

Weighted average common shares outstanding and dilutive potential common shares
365.1

364.2

 
364.9

364.1

Earnings per common share
 
 
 
 
 
Basic
 
 
 
 
 
Income from continuing operations, net of tax, available to common stockholders
$
1.03

$
1.21

 
$
2.76

$
2.41

Income from discontinued operations, net of tax, available to common stockholders

0.41

 

0.88

Net income available to common stockholders
$
1.03

$
1.62

 
$
2.76

$
3.29

Diluted
 
 
 
 
 
Income from continuing operations, net of tax, available to common stockholders
$
1.02

$
1.19

 
$
2.73

$
2.37

Income from discontinued operations, net of tax, available to common stockholders

0.41

 

0.87

Net income available to common stockholders
$
1.02

$
1.60

 
$
2.73

$
3.24

[1] On June 26, 2019, the Capital Purchase Program warrants issued in 2009 expired.