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(Loss) Earnings Per Common Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
(Loss) Earnings Per Common Share
(Loss) Earnings Per Common Share
Basic and diluted (loss) earnings per common share for the years ended December 31, 2013, 2012 and 2011 were calculated as follows:
 
Years Ended December 31,
 
2013
 
2012
 
2011
 
(Dollars in millions, except per share amounts, shares in thousands)
(Loss) Income (Numerator):
 
 
 
 
 
Net (loss) income
$
(239
)
 
777

 
573

Earnings applicable to non-vested restricted stock
—

 
(1
)
 
(2
)
Net (loss) income applicable to common stock for computing basic earnings per common share
(239
)
 
776

 
571

Net (loss) income as adjusted for purposes of computing diluted earnings per common share
$
(239
)
 
776

 
571

Shares (Denominator):
 
 
 
 
 
Weighted average number of shares:
 
 
 
 
 
Outstanding during period
604,404

 
622,139

 
534,320

Non-vested restricted stock
(3,512
)
 
(2,796
)
 
(2,209
)
Non-vested restricted stock units
—

 
862

 
669

Weighted average shares outstanding for computing basic (loss) earnings per common share
600,892

 
620,205

 
532,780

Incremental common shares attributable to dilutive securities:
 
 
 
 
 
Shares issuable under convertible securities
—

 
12

 
13

Shares issuable under incentive compensation plans
—

 
2,068

 
1,328

Number of shares as adjusted for purposes of computing diluted earnings per common share
600,892

 
622,285

 
534,121

Basic (loss) earnings per common share
$
(0.40
)
 
$
1.25

 
$
1.07

Diluted (loss) earnings per common share(1)
$
(0.40
)
 
$
1.25

 
$
1.07

______________________________________________________________________ 
(1)
For the year ended December 31, 2013, we excluded from the calculation of diluted loss per share 1.3 million shares potentially issuable under incentive compensation plans or convertible securities, as their effect, if included, would have been anti-dilutive.
Our calculations of diluted earnings per common share exclude shares of common stock that are issuable upon exercise of stock options when the exercise price is greater than the average market price of our common stock during the period. Such potentially issuable shares totaled 2.7 million, 2.2 million and 2.4 million for 2013, 2012 and 2011, respectively.