EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2017

EARNINGS PER SHARE

Calculation of basic and diluted EPS

	Three months ended March 31,
	2017			2016
	(in millions, except per-share amounts)
Basic EPS calculation
Net income (loss) attributable to common stock	$	53		$	(50	)
Less: net income (loss) allocated to participating securities	(1		)	—
Net income (loss) available to common stockholders	$	52		$	(50	)
Weighted-average common shares outstanding - basic	42.3			38.5
Basic EPS	$	1.23		$	(1.30	)
Diluted EPS calculation
Net income (loss) attributable to common stock	$	53		$	(50	)
Less: net income (loss) allocated to participating securities	(1		)	—
Net income (loss) available to common stockholders	$	52		$	(50	)
Weighted-average common shares outstanding - basic	42.3			38.5
Dilutive effect of potentially dilutive securities	0.3			—
Weighted-average common shares outstanding - diluted	42.6			38.5
Diluted EPS	$	1.22		$	(1.30	)