Earnings Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 17—EARNINGS PER SHARE

The following table presents a reconciliation of basic and diluted earnings per common share (in millions, except share data and per share amounts):

	Year Ended December 31,
	2017		2016		2015
Net income	$	614	$	552	$	268
Preferred stock dividends	25		—		—
Net income available to common shareholders	$	589	$	552	$	268
Share data (in thousands):
Basic weighted-average shares outstanding	273,190		277,789		290,762
Effect of weighted-average dilutive securities:
Restricted stock and options	1,076		872		1,429
Convertible debentures	86		387		2,820
Diluted weighted-average shares outstanding(1)	274,352		279,048		295,011
Basic earnings per common share	$	2.16	$	1.99	$	0.92
Diluted earnings per common share(1)	$	2.15	$	1.98	$	0.91

(1) The amount of certain restricted stock and options excluded from the calculations of diluted earnings per share (due to the anti-dilutive effect) was not material for the years ended December 31, 2017, 2016 and 2015.