Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2019

Basic earnings per common share (“EPS”) are calculated using the weighted average number of shares of common stock outstanding during each period. A reconciliation of the numerators and denominators of the basic and diluted EPS calculations follows.

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share data)	2019		2018		2019		2018
Numerator:
Net income	$	153	$	83	$	281	$	210
Denominator:
Weighted average shares used to compute basic EPS		235		265		239		264
Effect of dilutive securities:
Dilutive effect of stock options, restricted stock, restricted stock units, performance stock units, and Employee Stock Purchase Plan (“ESPP”)⁽¹⁾		3		4		3		5
Dilutive potential common shares⁽²⁾		3		4		3		5
Weighted average shares used to compute diluted EPS		238		269		242		269
Basic earnings per common share	$	.65	$	.31	$	1.17	$	.79
Diluted earnings per common share	$	.64	$	.31	$	1.16	$	.78

⁽¹⁾

^{Includes the potential dilutive effect of additional common shares that are issuable upon exercise of outstanding stock options, restricted stock, restricted stock units, performance stock units and the outstanding commitment to issue shares under applicable ESPPs, determined by the treasury stock method.}

⁽²⁾

^{For the three months ended June 30, 2019 and 2018, securities covering approximately 4 million and 10 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive. For the six months ended June 30, 2019 and 2018, securities covering approximately 4 million and 10 million shares, respectively, were outstanding but not included in the computation of diluted earnings per share because they were anti-dilutive.}