Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per common share

Basic and diluted earnings per common share for the three months ended March 31, 2015 and 2014 were calculated as follows:

	Three Months Ended March 31,
	2015			2014
	(Dollars in millions, except per share amounts, shares in thousands)
Income (Numerator):
Net income	$	192		203
Earnings applicable to non-vested restricted stock	—			—
Net income applicable to common stock for computing basic earnings per common share	192			203
Net income as adjusted for purposes of computing diluted earnings per common share	$	192		203
Shares (Denominator):
Weighted average number of shares:
Outstanding during period	566,687			578,197
Non-vested restricted stock	(4,718		)	(3,662	)
Weighted average shares outstanding for computing basic earnings per common share	561,969			574,535
Incremental common shares attributable to dilutive securities:
Shares issuable under convertible securities	10			10
Shares issuable under incentive compensation plans	1,526			911
Number of shares as adjusted for purposes of computing diluted earnings per common share	563,505			575,456
Basic earnings per common share	$	0.34		0.35
Diluted earnings per common share	$	0.34		0.35