Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

Basic and diluted earnings per common share for the three months ended March 31, 2017 and 2016 were calculated as follows:



	Three Months Ended March 31,
	2017			2016
	(Dollars in millions, except per share amounts, shares in thousands)
Income (Numerator):
Net income	$	163		236
Earnings applicable to non-vested restricted stock	—			—
Net income applicable to common stock for computing basic earnings per common share	163			236
Net income as adjusted for purposes of computing diluted earnings per common share	$	163		236
Shares (Denominator):
Weighted-average number of shares:
Outstanding during period	547,618			544,845
Non-vested restricted stock	(7,160		)	(6,046	)
Weighted-average shares outstanding for computing basic earnings per common share	540,458			538,799
Incremental common shares attributable to dilutive securities:
Shares issuable under convertible securities	10			10
Shares issuable under incentive compensation plans	1,054			1,378
Number of shares as adjusted for purposes of computing diluted earnings per common share	541,522			540,187
Basic earnings per common share	$	0.30		0.44
Diluted earnings per common share	$	0.30		0.44