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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators Used to Calculate Basic EPS and Diluted EPS

The following table reconciles the numerators and denominators used to calculate basic EPS and diluted EPS (in millions, except per share data):

 

 

 

Three months ended

September 30,

 

 

Nine months ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

149

 

 

$

167

 

 

$

497

 

 

$

492

 

Weighted average shares of common stock outstanding

 

 

120

 

 

 

130

 

 

 

123

 

 

 

135

 

Dilutive effect of stock-based awards

 

 

1

 

 

 

1

 

 

 

1

 

 

 

 

Diluted weighted average shares of common stock outstanding

 

 

121

 

 

 

131

 

 

 

124

 

 

 

135

 

Basic earnings per share attributable to common stockholders

 

$

1.24

 

 

$

1.28

 

 

$

4.04

 

 

$

3.66

 

Diluted earnings per share attributable to common stockholders

 

$

1.23

 

 

$

1.27

 

 

$

4.01

 

 

$

3.64