Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings per Common Share

Schedule of basic and diluted earnings per common share

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(Dollars in millions, except per share amounts, shares in thousands)
Income (Numerator):
Net income	$	269		74		567		274
Earnings applicable to non-vested restricted stock		—		(1)		—		(1)
Net income applicable to common stock for computing basic earnings per common share		269		73		567		273
Net income as adjusted for purposes of computing diluted earnings per common share	$	269		73		567		273
Shares (Denominator):
Weighted average number of shares:
Outstanding during period		607,755		621,600		615,138		620,670
Non-vested restricted stock		(3,453)		(2,660)		(3,276)		(2,602)
Non-vested restricted stock units		—		947		—		980
Weighted average shares outstanding for computing basic earnings per common share		604,302		619,887		611,862		619,048
Incremental common shares attributable to dilutive securities:
Shares issuable under convertible securities		10		13		10		13
Shares issuable under incentive compensation plans		1,290		1,939		1,466		2,034
Number of shares as adjusted for purposes of computing diluted earnings per common share		605,602		621,839		613,338		621,095
Basic earnings per common share	$	.45		.12		.93		.44
Diluted earnings per common share	$	.44		.12		.92		.44