XML 63 R52.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2016
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 June 30,
 
Six months ended June 30,
($ in millions, except share data) (a)
 
2016
 
2015
 
2016
 
2015
Net income from continuing operations
 
$
357

 
$
169

 
$
604

 
$
348

Preferred stock dividends (b)
 
(15
)
 
(1,251
)
 
(30
)
 
(1,318
)
Net income (loss) from continuing operations attributable to common shareholders
 
342

 
(1,082
)
 
574

 
(970
)
Income from discontinued operations, net of tax
 
3

 
13

 
6

 
410

Net income (loss) attributable to common shareholders
 
$
345

 
$
(1,069
)
 
$
580

 
$
(560
)
Basic weighted-average common shares outstanding (c)
 
485,370,318

 
482,847,164

 
484,801,782

 
482,550,842

Diluted weighted-average common shares outstanding (c) (d)
 
486,074,474

 
482,847,164

 
485,364,351

 
482,550,842

Basic earnings per common share
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
0.70

 
$
(2.24
)
 
$
1.18

 
$
(2.01
)
Income from discontinued operations, net of tax
 
0.01

 
0.03

 
0.01

 
0.85

Net income (loss)
 
$
0.71

 
$
(2.22
)
 
$
1.20

 
$
(1.16
)
Diluted earnings per common share
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
0.70

 
$
(2.24
)
 
$
1.18

 
$
(2.01
)
Income from discontinued operations, net of tax
 
0.01

 
0.03

 
0.01

 
0.85

Net income (loss)
 
$
0.71

 
$
(2.22
)
 
$
1.19

 
$
(1.16
)
(a)
Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.
(b)
Preferred stock dividends for the three months and six months ended June 30, 2015, include $1,193 million recognized in connection with the partial redemption of the Series G Preferred Stock and the repurchase of the Series A Preferred Stock. These dividends represent an additional return to preferred shareholders calculated as the excess consideration paid over the carrying amount derecognized.
(c)
Includes shares related to share-based compensation that vested but were not yet issued for the three months and six months ended June 30, 2016, and 2015, respectively.
(d)
Due to antidilutive effect of the net loss from continuing operations attributable to common shareholders for the three months and six months ended June 30, 2015, basic weighted-average common shares outstanding were used to calculate basic and diluted earnings per share.