Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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)