Stockholders' Equity and Per Share Data

Our certificate of incorporation authorizes 10,020,000,000 shares of capital stock as follows:


•	9,000,000,000 shares of common stock, par value $0.01 per share;


•	1,000,000,000 shares of non-voting common stock, par value $0.01 per share; and


•	20,000,000 shares of preferred stock, par value $0.0001 per share.

Classes of Common Stock

Voting Common Stock

The holders of our common stock are entitled to one vote per share on all matters submitted for action by the stockholders. There were approximately 4.1 billion shares of common stock outstanding as of March 31, 2019.

Treasury Shares

Shares of common stock repurchased by us are recorded at cost as treasury shares and result in a reduction of stockholders' equity. We reissue treasury shares as part of our stockholder approved stock-based compensation programs, as well as upon conversion of outstanding securities that are convertible into common stock. When shares are reissued, we determine the cost using the FIFO method.

Dividends

We did not declare any dividends on our common shares for all periods presented in the consolidated financial statements. We are currently restricted from paying cash dividends by the terms of our secured revolving bank credit facility (see Note 7. Long-Term Debt, Financing and Capital Lease Obligations).

Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, net of tax were as follows:



	March 31,
	2019			2018
	(in millions)
Unrecognized net periodic pension and postretirement benefit cost	$	(379	)	$	(337	)
Unrealized net gains related to investments	1			8
Unrealized net gains on derivatives	10			32
Foreign currency translation adjustments	(24		)	(16		)
Accumulated other comprehensive loss	$	(392	)	$	(313	)

Per Share Data

The computation of basic and diluted net (loss) income per common share attributable to Sprint was as follows:



	Year Ended
	March 31,
	2019			2018

Net income	$	(1,943	)	$	7,377
Less: Net loss attributable to noncontrolling interests	—			12
Net income attributable to Sprint	$	(1,943	)	$	7,389

Basic weighted average common shares outstanding	4,057			3,999
Effect of dilutive securities:
Options and restricted stock units	—			61
Warrants⁽¹⁾	—			18
Diluted weighted average common shares outstanding	4,057			4,078

Basic net income per common share attributable to Sprint	$	(0.48	)	$	1.85
Diluted net income per common share attributable to Sprint	$	(0.48	)	$	1.81

Potentially dilutive securities:
Outstanding stock options⁽²⁾	92			6

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(1)	For the year ended March 31, 2018, dilutive securities attributable to warrants include 14 million shares issuable under the warrant held by SoftBank. At the close of the merger with SoftBank, the warrant was issued at $5.25 per share. On July 10, 2018, SoftBank exercised its warrant in full to purchase 55 million shares of Sprint common stock for $287 million.


(2)	Potentially dilutive securities were not included in the computation of diluted net (loss) income per common share if to do so would have been antidilutive.