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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings per Common Share
The following table presents the calculation of basic and diluted earnings per common share.
 
 
Three months ended June 30,
 
Six months ended June 30,
($ in millions except per share data)
 
2013
 
2012
 
2013
 
2012
Net income from continuing operations
 
$
100

 
$
183

 
$
160

 
$
185

Preferred stock dividends — U.S. Department of Treasury
 
(133
)
 
(134
)
 
(267
)
 
(267
)
Preferred stock dividends
 
(67
)
 
(67
)
 
(134
)
 
(134
)
Net loss from continuing operations attributable to common shareholders
 
(100
)
 
(18
)
 
(241
)
 
(216
)
(Loss) income from discontinued operations, net of tax
 
(1,027
)
 
(1,081
)
 
6

 
(773
)
Net loss attributable to common shareholders
 
$
(1,127
)
 
$
(1,099
)
 
$
(235
)
 
$
(989
)
Basic weighted-average common shares outstanding
 
1,330,970

 
1,330,970

 
1,330,970

 
1,330,970

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

 
1,330,970

 
1,330,970

 
1,330,970

Basic earnings per common share
 


 
 
 
 
 
 
Net loss from continuing operations
 
$
(75
)
 
$
(13
)
 
$
(180
)
 
$
(162
)
(Loss) income from discontinued operations, net of tax
 
(772
)
 
(812
)
 
4

 
(581
)
Net loss
 
$
(847
)
 
$
(825
)
 
$
(176
)
 
$
(743
)
Diluted earnings per common share (a)
 


 
 
 
 
 
 
Net loss from continuing operations
 
$
(75
)
 
$
(13
)
 
$
(180
)
 
$
(162
)
(Loss) income from discontinued operations, net of tax
 
(772
)
 
(812
)
 
4

 
(581
)
Net loss
 
$
(847
)
 
$
(825
)
 
$
(176
)
 
$
(743
)
(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 and six months ended June 30, 2013 and 2012, respectively, 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.
The effects of converting the outstanding Fixed Rate Cumulative Mandatorily Convertible Preferred Stock into common shares are not included in the diluted earnings per share calculation for the three months and six months ended June 30, 2013 and 2012, respectively, as the effects would be antidilutive for those periods. As such, 574 thousand of potential common shares were excluded from the diluted earnings per share calculation for the three months and six months ended June 30, 2013 and 2012, respectively.