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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Common Share  
Schedule of reconciliations of the numerators and denominators used in the 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

 

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