Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Basic and Diluted EPS

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