XML 39 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

(in millions, except per share amounts)

 

 

(in millions, except per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to stockholders

 

$

216

 

 

$

112

 

 

$

366

 

 

$

2,462

 

Earnings allocated to participating securities

 

 

(1

)

 

 

(1

)

 

 

(1

)

 

 

(6

)

Net income attributable to stockholders net of earnings

   allocated to participating securities

 

$

215

 

 

$

111

 

 

$

365

 

 

$

2,456

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

200

 

 

 

214

 

 

 

205

 

 

 

208

 

Unvested restricted shares

 

 

1

 

 

 

1

 

 

 

1

 

 

 

—

 

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

 

 

—

 

 

 

—

 

 

 

—

 

 

 

6

 

Weighted average shares outstanding - diluted

 

 

201

 

 

 

215

 

 

 

206

 

 

 

214

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic EPS(2)

 

$

1.07

 

 

$

0.52

 

 

$

1.77

 

 

$

11.79

 

Diluted EPS(2)

 

$

1.07

 

 

$

0.52

 

 

$

1.77

 

 

$

11.48

 

 

(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 and are calculated independently for each period presented, therefore, the sum of the quarterly EPS does not equal the EPS for the six months.