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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Reconciliation
The following table presents a reconciliation of basic and diluted earnings per share (in millions, except share data and per share amounts): 
 
Three Months Ended March 31,
 
2016
 
2015
Basic:
 
 
 
Net income
$
153

 
$
40

Basic weighted-average shares outstanding (in thousands)
285,274

 
289,741

Basic earnings per share
$
0.54

 
$
0.14

Diluted:
 
 
 
Net income
$
153

 
$
40

Basic weighted-average shares outstanding (in thousands)
285,274

 
289,741

Effect of dilutive securities:
 
 
 
Weighted-average convertible debentures (in thousands)
597

 
3,640

Weighted-average options and restricted stock issued to employees (in thousands)
809

 
1,341

Diluted weighted-average shares outstanding (in thousands)
286,680

 
294,722

Diluted earnings per share
$
0.53

 
$
0.14