Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per common share

Basic and diluted earnings per common share for the three and six months ended June 30, 2015 and 2014 were calculated as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2015			2014		2015		2014
	(Dollars in millions, except per share amounts, shares in thousands)
Income (Numerator):
Net income	$	143		193		335		396
Earnings applicable to non-vested restricted stock	—			—		—		—
Net income applicable to common stock for computing basic earnings per common share	143			193		335		396
Net income as adjusted for purposes of computing diluted earnings per common share	$	143		193		335		396
Shares (Denominator):
Weighted average number of shares:
Outstanding during period	563,495			572,240		565,091		575,218
Non-vested restricted stock	(4,855		)	(4,325	)	(4,787	)	(3,993	)
Weighted average shares outstanding for computing basic earnings per common share	558,640			567,915		560,304		571,225
Incremental common shares attributable to dilutive securities:
Shares issuable under convertible securities	10			10		10		10
Shares issuable under incentive compensation plans	570			1,107		1,048		1,009
Number of shares as adjusted for purposes of computing diluted earnings per common share	559,220			569,032		561,362		572,244
Basic earnings per common share	$	0.26		0.34		0.60		0.69
Diluted earnings per common share	$	0.26		0.34		0.60		0.69