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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2012
Numerators and Denominators Used in Computations of Basic and Diluted Earnings per Common Share
Reconciliations of the numerators and denominators used in the computations of basic and diluted earnings per common share were as follows, in millions:

 

     Three Months Ended     Nine Months Ended  
     September 30,     September 30,  
     2012     2011     2012     2011  

Numerator (basic and diluted):

        

Income from continuing operations

   $ 22      $ 56      $ 3      $ 29   

Allocation to unvested restricted stock awards

     (1     (2     (2     (2
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations attributable to common shareholders

     21        54        1        27   
  

 

 

   

 

 

   

 

 

   

 

 

 

Loss from discontinued operations

     (7     (20     (30     (31

Allocation to unvested restricted stock awards

     —          1        1        1   
  

 

 

   

 

 

   

 

 

   

 

 

 

Loss from discontinued operations attributable to common shareholders

     (7     (19     (29     (30
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) available to common shareholders

   $ 14      $ 35      $ (28   $ (3
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Basic common shares (based upon weighted average)

     349        348        349        348   

Add:

        

Contingent common shares

     —          —          —          —     

Stock option dilution

     1        —          1        1   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted common shares

     350        348        350        349