Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share of Common Stock

The following table sets forth the computation of basic and diluted earnings per share of common stock:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(Dollars in millions, except share data)
Net income applicable to common stockholders	$	116	$	61	$	161	$	97
Weighted Average Shares
Weighted average common shares outstanding	56,790,642		56,446,077		56,723,254		56,670,690
Effect of dilutive securities
Stock-based awards	333,064		615,745		433,561		651,823
Weighted average diluted common shares	$	57,123,706	$	57,061,822	$	57,156,815	$	57,322,513
Earnings per common share
Basic earnings per common share	$	2.04	$	1.08	$	2.85	$	1.71
Effect of dilutive securities
Stock-based awards	(0.01)		(0.02)		(0.02)		(0.02)
Diluted earnings per common share	$	2.03	$	1.06	$	2.83	$	1.69