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Earnings per Share
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
We did not declare any common stock dividends in the periods presented.
The following table sets forth the computation of basic and diluted earnings per share of common stock:
 
 
Year Ended December 31,
(in millions, except per share data. Shares in thousands)
 
2018
 
2017
 
2016
Basic Earnings (Loss) per Share:
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
(416
)
 
$
177

 
$
(983
)
Accrued dividends on preferred stock
 
(10
)
 
(10
)
 
—

Adjusted Net Income (Loss) From Continuing Operations Available to Common Shareholders
 
(426
)
 
167

 
(983
)
Net income (loss) from discontinued operations
 
—

 
4

 
—

Adjusted Net Income (Loss) Available to Common Shareholders
 
$
(426
)
 
$
171

 
$
(983
)
Weighted average common shares outstanding
 
206,056

 
204,007

 
202,875

 
 
 
 
 
 
 
Basic Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
(2.06
)
 
$
0.82

 
$
(4.85
)
Discontinued operations
 
—

 
0.02

 
—

Basic Earnings (Loss) per Share
 
$
(2.06
)
 
$
0.84

 
$
(4.85
)
 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
(416
)
 
$
177

 
$
(983
)
Accrued dividends on preferred stock
 
(10
)
 
(10
)
 
—

Adjusted Net Income (Loss) From Continuing Operations Available to Common Shareholders
 
(426
)
 
167

 
(983
)
Net income (loss) from discontinued operations
 
—

 
4

 
—

Adjusted Net Income (Loss) Available to Common Shareholders
 
$
(426
)
 
$
171

 
$
(983
)
Weighted average common shares outstanding
 
206,056

 
204,007

 
202,875

Common shares issuable with respect to:
 
 
 
 
 
 
Stock options
 
—

 
195

 
—

Restricted stock and performance units / shares
 
—

 
2,591

 
—

8% Convertible preferred stock
 
—

 
—

 
—

Adjusted Weighted Average Common Shares Outstanding
 
206,056

 
206,793

 
202,875

Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
Continuing operations
 
$
(2.06
)
 
$
0.81

 
$
(4.85
)
Discontinued operations
 
—

 
0.02

 
—

Diluted Earnings (Loss) per Share
 
$
(2.06
)
 
$
0.83

 
$
(4.85
)
 
 
 
 
 
 
 
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive (shares in thousands):
Stock Options
 
119

 
—

 
857

Restricted stock and performance shares/units
 
5,242

 
2,568

 
5,719

Convertible preferred stock
 
5,393

 
5,393

 
5,393

Total Anti-Dilutive Securities
 
10,754

 
7,961

 
11,969