General (Tables)

9 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Net Income for Shareholders and Participating Securities

The following table sets forth the allocation of net income (loss) available to shareholders of Class P shares and participating securities:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(In millions, except per share amounts)
Net Income (Loss) Available to Common Stockholders	$	455	$	506	$	(488)	$	1,580
Participating securities:
Less: Net Income allocated to restricted stock awards(a)	(3)		(3)		(9)		(9)
Net Income (Loss) Allocated to Class P Stockholders	$	452	$	503	$	(497)	$	1,571
Basic Weighted Average Common Shares Outstanding	2,263		2,264		2,263		2,263
Basic Earnings (Loss) Per Common Share	$	0.20	$	0.22	$	(0.22)	$	0.69

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(a)As of September 30, 2020, there were approximately 13 million restricted stock awards outstanding.

Schedule of Antidilutive Securities

The following maximum number of potential common stock equivalents are antidilutive and, accordingly, are excluded from the determination of diluted earnings per share:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2020	2019	2020	2019
	(In millions on a weighted average basis)
Unvested restricted stock awards	13	13	13	13
Convertible trust preferred securities	3	3	3	3