Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Basic And Diluted Net Income Per Common Share

NET INCOME PER COMMON SHARE

Basic and diluted net income per common share are presented in the following table.

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions, except per share data)	2020		2019		2020		2019
Basic and diluted
Net income	$	113	$	298	$	48	$	637
Less: Income allocated to participating securities	1		1		1		3
Net income attributable to common share	$	112	$	297	$	47	$	634
Basic average common shares	139		152		140		155
Basic net income per common share	$	0.81	$	1.95	$	0.34	$	4.10
Basic average common shares	139		152		140		155
Dilutive common stock equivalents:
Net effect of the assumed exercise of stock awards	—		1		1		1
Diluted average common shares	139		153		141		156
Diluted net income per common share	$	0.80	$	1.94	$	0.34	$	4.06

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

	Three Months Ended June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
Average outstanding options	2,056,133	470,162	1,633,078	446,610
Range of exercise prices	$39.10 - $95.25	$79.01 - $95.25	$39.10 - $95.25	$79.01 - $95.25