Earnings per Share

6 Months Ended

Jun. 30, 2020

Earnings per Share

We did not declare any common stock dividends in the periods presented.

The following table sets forth the computation of basic and diluted earnings per share of common stock:


	Three Months Ended June 30,						Six Months Ended June 30,
(in millions, except per share data in whole dollars and shares in thousands)	2020		2019		2020		2019
Net income (loss)	$	(51)	$	(1,029)	$	(100)	$	(1,337)
Cash dividend paid - preferred stock	(3)		(3)		(5)		(5)
Adjusted Net Income (Loss) Available to Common Shareholders	$	(54)	$	(1,032)	$	(105)	$	(1,342)

Weighted average common shares outstanding	209,129		208,496		210,261		208,207
Common shares issuable with respect to:
Stock options	—		—		—		—
Restricted stock and performance units / shares	—		—		—		—
Adjusted Weighted Average Common Shares Outstanding	209,129		208,496		210,261		208,207

Net Income (Loss) per Share:
Basic	$	(0.25)	$	(4.94)	$	(0.50)	$	(6.44)
Diluted	$	(0.25)	$	(4.94)	$	(0.50)	$	(6.44)