XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share (“EPS”):

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

 

 

(in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

Net income attributable to stockholders

 

$

150

 

 

$

2,350

 

Earnings allocated to participating securities

 

 

—

 

 

 

(2

)

Net income attributable to stockholders net of earnings

   allocated to participating securities

 

$

150

 

 

$

2,348

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

211

 

 

 

202

 

Unvested restricted shares

 

 

1

 

 

 

—

 

Net effect of shares issued with respect to E&P Dividend(1)

 

 

—

 

 

 

11

 

Weighted average shares outstanding - diluted

 

 

212

 

 

 

213

 

 

 

 

 

 

 

 

 

 

Basic EPS(2)

 

$

0.71

 

 

$

11.63

 

Diluted EPS(2)

 

$

0.71

 

 

$

11.01

 

 

(1)

Shares issued in connection with the distribution of our C corporation earnings and profits attributable to the period prior to spin-off (“E&P Dividend”).

(2)

Per share amounts are calculated based on unrounded numbers.