Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

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Note 18. Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period, increased to include the number of shares of common stock that would have been outstanding had potential dilutive shares of common stock been issued. The dilutive effect of stock options, RSUs and performance share units are reflected in diluted earnings per share by applying the treasury stock method.

A reconciliation of the amounts included in the computation of basic earnings per share from continuing operations and diluted earnings per share from continuing operations is as follows:

	Three Months Ended
	March 31,
(In millions, except per share data)	2020		2019
Income from continuing operations	$	1	$	53
Weighted-average common shares outstanding		134.9		135.8
Effect of dilutive securities:
RSUs		0.1		0.2
Stock options(1)		0.1		0.2
Weighted-average common shares outstanding—assuming dilution		135.1		136.2
Basic earnings per share from continuing operations	$	0.01	$	0.39
Diluted earnings per share from continuing operations	$	0.01	$	0.39

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(1)Options to purchase 1.2 million and 0.7 million shares for the three months ended March 31, 2020 and 2019, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.