XML 23 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income (Loss) and Dividends per Common Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Income (Loss) and Dividends per Common Share
Income (Loss) and Dividends per Common Share
Basic income (loss) per share is based on the weighted average number of common shares outstanding.  Diluted income per share assumes exercise of stock options in all periods, provided the effect is not antidilutive. The per share calculations below exclude 5 million and 6 million of stock options for the three and nine months period ended September 30, 2018 and 10 million and 11 million stock options for the three and nine months period ended September 30, 2017 that were antidilutive.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions, except per share data)
2018
 
2017
 
2018
 
2017
Income (loss) from continuing operations
$
254

 
$
(599
)
 
$
706

 
$
(802
)
Income (loss) from discontinued operations

 

 

 
(4,893
)
Net income (loss)
$
254

 
$
(599
)
 
$
706

 
$
(5,695
)
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
848

 
850

 
852

 
850

Effect of dilutive securities
1

 

 
1

 

Weighted average common shares, diluted
849

 
850

 
853

 
850

Per basic share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.30

 
$
(0.70
)
 
$
0.83

 
$
(0.94
)
Income (loss) from discontinued operations
$

 
$

 
$

 
$
(5.76
)
Net income (loss)
$
0.30

 
$
(0.70
)
 
$
0.83

 
$
(6.70
)
Per diluted share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
0.30

 
$
(0.70
)
 
$
0.83

 
$
(0.94
)
Income (loss) from discontinued operations
$

 
$

 
$

 
$
(5.76
)
Net income (loss)
$
0.30

 
$
(0.70
)
 
$
0.83

 
$
(6.70
)
Dividends per share
$
0.05

 
$
0.05

 
$
0.15

 
$
0.15