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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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 June 30,
 
For the Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Numerator
 
 
 
 
 
 
 
Net (loss) income
$
(368
)
 
$
753

 
$
(429
)
 
$
1,479

Preferred stock dividends
—

 
—

 
(16
)
 
(16
)
Net (loss) income available to common stockholders
(368
)
 
753

 
(445
)
 
1,463

Income allocated to participating securities
(1
)
 
(6
)
 
(1
)
 
(11
)
Net (loss) income allocated to common stockholders
$
(369
)
 
$
747

 
$
(446
)
 
$
1,452

Denominator
 
 
 
 
 
 
 
Weighted-average shares of common stock outstanding
306

 
322

 
307

 
325

Effect of dilutive common stock equivalents
—

 
1

 
—

 
1

Weighted-average shares of common stock outstanding and common stock equivalents
306

 
323

 
307

 
326

 
 
 
 
 
 
 
 
Basic (loss) earnings per common share
$
(1.20
)
 
$
2.32

 
$
(1.45
)
 
$
4.46

Diluted (loss) earnings per common share
$
(1.20
)
 
$
2.32

 
$
(1.45
)
 
$
4.46