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Earnings Per Share Of Common Stock (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Share
The following table reconciles basic and diluted EPS of common stock:
 
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
Reconciliation of Basic and Diluted EPS of Common Stock
 
2018

2017
 
2018
 
2017
 
 
 
 
 
 
 
(In millions, except per share amounts)
 
 
 
 
 
 
 
 
EPS of Common Stock
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
267

 
$
219

 
$
444

 
$
476

Less: Preferred dividends
 
—

 
—

 
(43
)
 
—

Less: Amortization of beneficial conversion feature
 
(148
)
 
—

 
(261
)
 
—

Less: Undistributed earnings allocated to preferred stockholders(1)
 
(13
)
 
—

 
—

 
—

Income from continuing operations available to common stockholders
 
106

 
219

 
140

 
476

Discontinued operations, net of tax
 
32

 
(45
)
 
1,224

 
(97
)
Less: Undistributed earnings allocated to preferred stockholders
 
(4
)
 
—

 
—

 
—

Income (loss) from discontinued operations available to common stockholders
 
28

 
(45
)
 
1,224

 
(97
)
 
 
 
 
 
 
 
 
 
Income available to common stockholders, basic and diluted
 
$
134

 
$
174

 
$
1,364

 
$
379

 
 
 
 
 
 
 
 
 
Share Count information:
 
 
 
 
 
 
 
 
Weighted average number of basic shares outstanding
 
477

 
444

 
477

 
443

Assumed exercise of dilutive stock options and awards
 
2

 
1

 
1

 
1

Weighted average number of diluted shares outstanding
 
479

 
445

 
478

 
444

 
 
 
 
 
 
 
 
 
Income available to common stockholders, per common share:
 
 
 
 
 
 
 
 
Income from continuing operations, basic
 
$
0.22

 
$
0.49

 
$
0.29

 
$
1.07

Discontinued operations, basic
 
0.06

 
(0.10
)
 
2.57

 
(0.21
)
Income available to common stockholders, basic
 
$
0.28

 
$
0.39

 
$
2.86

 
$
0.86

 
 
 
 
 
 
 
 
 
Income from continuing operations, diluted
 
$
0.22

 
$
0.49

 
$
0.29

 
$
1.07

Discontinued operations, diluted
 
0.06

 
(0.10
)
 
2.56

 
(0.22
)
Income available to common stockholders, diluted
 
$
0.28

 
$
0.39

 
$
2.85

 
$
0.85



(1) 
Undistributed earnings were not allocated to participating securities for the six months ended June 30, 2018 as income from continuing operations less dividends declared (common and preferred) and deemed dividends were a net loss.