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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of our basic and diluted earnings per share (“EPS”). The weighted- average shares outstanding used to compute basic EPS and diluted EPS for the three months ended March 31, 2019 is 94,092,147 and 94,597,630, respectively, and for the three months ended March 31, 2018 is 98,620,957 and 99,487,013, respectively.

	Three Months Ended March 31,
($ and shares outstanding in millions, except per share amounts)	2019		2018
Basic EPS:
Numerator:
Net Income⁽¹⁾	$	55	$	30
Denominator:
Weighted average shares outstanding		94		99
Basic EPS	$	0.59	$	0.31
Diluted EPS:
Numerator:
Net Income⁽¹⁾	$	55	$	30
Denominator:
Weighted average shares outstanding		95		99
Diluted EPS	$	0.58	$	0.30

⁽¹⁾	Net income for the three months ended March 31, 2019 and 2018 was $55,067,801 and $30,170,029, respectively.