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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Share
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