XML 125 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table presents the calculation of basic and diluted earnings per common share.
 
 
Three months ended March 31,
($ in millions except per share data)
 
2013
 
2012
Net income from continuing operations
 
$
60

 
$
2

Preferred stock dividends — U.S. Department of Treasury
 
(133
)
 
(134
)
Preferred stock dividends
 
(67
)
 
(67
)
Net loss from continuing operations attributable to common shareholders
 
(140
)
 
(199
)
Income from discontinued operations, net of tax
 
1,033

 
308

Net income attributable to common shareholders
 
$
893

 
$
109

Basic weighted-average common shares outstanding
 
1,330,970

 
1,330,970

Diluted weighted-average common shares outstanding (a)
 
1,330,970

 
1,330,970

Basic earnings per common share
 
 
 
 
Net loss from continuing operations
 
$
(105
)
 
$
(149
)
Income from discontinued operations, net of tax
 
776

 
231

Net income
 
$
671

 
$
82

Diluted earnings per common share (a)
 
 
 
 
Net loss from continuing operations
 
$
(105
)
 
$
(149
)
Income from discontinued operations, net of tax
 
776

 
231

Net income
 
$
671

 
$
82

(a)
Due to the antidilutive effect of converting the Fixed Rate Cumulative Mandatorily Convertible Preferred Stock into common shares and the net loss from continuing operations attributable to common shareholders for the three months ended March 31, 2013 and 2012, loss from continuing operations attributable to common shareholders and basic weighted-average common shares outstanding were used to calculate basic and diluted earnings per share.