Earnings Per Share

3 Months Ended

Mar. 31, 2017

The following table presents the calculation of our basic and diluted earnings per share ("EPS"). The weighted average shares outstanding for the three months ended March 31, 2016 reflect 98,802,597 shares distributed on January 3, 2017, our spin-off date, to our stockholders. See Note 1: Organization and Basis of Presentation for further discussion. The weighted average shares outstanding for the three months ended March 31, 2017 used to compute basic EPS and diluted EPS is 98,798,007 and 99,339,928, respectively.



	Three Months Ended March 31,
($ in millions, except per share amounts)	2017		2016
Basic EPS:
Numerator:
Net Income	$	50	$	48
Denominator:
Weighted average shares outstanding	99		99
Basic EPS	$	0.51	$	0.48

Diluted EPS:
Numerator:
Net Income	$	50	$	48
Denominator:
Weighted average shares outstanding	99		99
Diluted EPS	$	0.51	$	0.48

The dilutive effect of outstanding share-based compensation awards is reflected in diluted earnings per common share by application of the treasury stock method using average market prices during the period.

For the three months ended March 31, 2017, we excluded 198,994 share-based compensation awards because their effect would have been anti-dilutive under the treasury stock method.