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Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share  
Earnings (Loss) Per Share

The numerator and denominator used for the computation of basic and diluted per share earnings from continuing operations were as follows (in millions, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  September 30, 

 

Nine months ended September 30, 

 

 

 

2016

 

2015

 

2016

 

2015

 

 

    

Basic

 

Diluted

    

Basic

    

Diluted

 

Basic

    

Diluted

    

Basic

    

Diluted

 

Numerator for earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to controlling interest

 

$

229

 

$

229

 

$

318

 

$

318

 

$

555

 

$

555

 

$

178

 

$

178

 

Undistributed earnings allocable to participating securities

 

 

(3)

 

 

(3)

 

 

(1)

 

 

(1)

 

 

(8)

 

 

(9)

 

 

(2)

 

 

(2)

 

Income from continuing operations available to shareholders

 

$

226

 

$

226

 

$

317

 

$

317

 

$

547

 

$

546

 

$

176

 

$

176

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

365

 

 

365

 

 

364

 

 

364

 

 

365

 

 

365

 

 

363

 

 

363

 

Effect of stock options and other share-based awards

 

 

 

 

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Weighted-average shares for per share calculation

 

 

365

 

 

365

 

 

364

 

 

364

 

 

365

 

 

365

 

 

363

 

 

363

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per share earnings from continuing operations

 

$

0.62

 

$

0.62

 

$

0.87

 

$

0.87

 

$

1.50

 

$

1.49

 

$

0.48

 

$

0.48