XML 59 R23.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Earnings Per Common Share | 6 Months Ended
--- | ---
Jun. 30, 2015
Earnings Per Common Share |
Earnings Per Common Share | P. 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 |  | Six Months Ended |
|  | June 30, |  | June 30, |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Numerator (basic and diluted): |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 109 |  | $ | 124 |  | $ | 170 |  | $ | 202 |
Less: Allocation to unvested restricted stock awards |  | 1 |  | 2 |  | 2 |  | 4 |
Income from continuing operations attributable to common shareholders |  | 108 |  | 122 |  | 168 |  | 198 |
(Loss) gain from discontinued operations, net |  | (4 | ) | 15 |  | (1 | ) | 11 |
Less: Allocation to unvested restricted stock awards |  | — |  | — |  | — |  | — |
(Loss) gain from discontinued operations attributable to common shareholders |  | (4 | ) | 15 |  | (1 | ) | 11 |
Net income available to common shareholders |  | $ | 104 |  | $ | 137 |  | $ | 167 |  | $ | 209 |
Denominator: |  |  |  |  |  |  |  |  |
Basic common shares (based upon weighted average) |  | 340 |  | 349 |  | 342 |  | 350 |
Add: Stock option dilution |  | 4 |  | 3 |  | 4 |  | 3 |
Diluted common shares |  | 344 |  | 352 |  | 346 |  | 353 |
For the three months and six months ended June 30, 2015 and 2014, we allocated dividends and undistributed earnings to the unvested restricted stock awards (participating securities). Additionally, 6 million and 9 million common shares for the three months and six months ended June 30, 2015, respectively and 11 million common shares for both the three months and six months ended June 30, 2014 related to stock options were excluded from the computation of diluted earnings per common share due to their antidilutive effect. In the first six months of 2015, we repurchased and retired 7.9 million shares of our common stock (including 720 thousand shares to offset the dilutive impact of long-term stock awards granted in the first quarter), for approximately $207 million. At June 30, 2015, we had 37.1 million shares of our common stock remaining under the September 2014 Board of Directors’ repurchase authorization. On the basis of amounts paid (declared), cash dividends per common share were $.090 ($.090) and $.180 ($.180) for the three months and six months ended June 30, 2015, respectively, and $.075 ($.090) and $.15 ($.165) for the three months and six months ended June 30, 2014, 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 The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -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 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration