Earnings Per Share

6 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per common share (“EPS”) is computed using the weighted average number of shares of common stock outstanding during the periods presented. Diluted EPS reflects the incremental shares issuable upon the assumed exercise of stock options and vesting of other equity awards. There were no significant anti-dilutive equity awards excluded from the calculation of EPS for the three and six months ended September 30, 2019 or 2018.

The following table reflects the calculation of basic and diluted EPS:

	Three Months Ended				Six Months Ended
(in millions, except per share amounts)	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Net income	$	29	$	24	$	60	$	53
Common share information:
Basic weighted average common shares outstanding	162.22		165.49		162.51		165.54
Dilutive effect of equity awards	0.68		0.30		0.58		0.28
Diluted weighted average common shares outstanding	162.90		165.79		163.09		165.82
Earnings per common share:
Basic	$	0.18	$	0.15	$	0.37	$	0.32
Diluted	$	0.18	$	0.14	$	0.37	$	0.32