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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

For the three and six months ended June 30, 2014, 1,992,899 stock options, RSAs and RSUs were excluded from the computation of diluted earnings per share due to their antidilutive effect.

 

     Three Months Ended June 30      Six Months Ended June 30  

(In millions, except share data)

   2014      2013      2014      2013  

Numerator for basic and diluted net income per share attributable to the Company’s stockholders:

           

Net income attributable to the Company

   $ 27       $ 33       $ 68       $ 74   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for basic net income per share attributable to the Company’s stockholders:

           

Weighted average common shares outstanding

     107,053,082         107,053,031         107,053,058         107,053,031   

Effect of dilutive securities:

           

Dilutive effect of stock based compensation

     497,263         415,837         456,550         415,837   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator for diluted net income per share attributable to the Company’s stockholders:

     107,550,345         107,468,868         107,509,608         107,468,868   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income per share attributable to the Company’s stockholders:

           

Basic

   $ 0.25       $ 0.31       $ 0.64       $ 0.69   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

   $ 0.25       $ 0.31       $ 0.63       $ 0.69