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Earnings Per Share
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents the calculation of basic and diluted earnings per share ("EPS") (in millions, except per share amounts):
 
For the Three Months Ended March 31,
 
2020
 
2019
Numerator
 
 
 
Net (loss) income
$
(61
)
 
$
726

Preferred stock dividends
(16
)
 
(16
)
Net (loss) income available to common stockholders
(77
)
 
710

Income allocated to participating securities
(1
)
 
(5
)
Net (loss) income allocated to common stockholders
$
(78
)
 
$
705

Denominator
 
 
 
Weighted-average shares of common stock outstanding
308

 
328

Weighted-average shares of common stock outstanding and common stock equivalents
308

 
328

 
 
 
 
Basic (loss) earnings per common share
$
(0.25
)
 
$
2.15

Diluted (loss) earnings per common share
$
(0.25
)
 
$
2.15

 
 
 
 

Anti-dilutive securities were not material and had no impact on the computation of diluted EPS for the three months ended March 31, 2020 and 2019.