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Earnings per Common Share
 9 Months Ended
Sep. 30, 2016
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 September 30,
 
Nine months ended September 30,
($ in millions, except share data) (a)
 
2016
 
2015
 
2016
 
2015
Net income from continuing operations
 
$
261

 
$
273

 
$
865

 
$
621

Preferred stock dividends (b)
 
—

 
(38
)
 
(30
)
 
(1,356
)
Net income (loss) from continuing operations attributable to common shareholders
 
261

 
235

 
835

 
(735
)
(Loss) income from discontinued operations, net of tax
 
(52
)
 
(5
)
 
(46
)
 
405

Net income (loss) attributable to common shareholders
 
$
209

 
$
230

 
$
789

 
$
(330
)
Basic weighted-average common shares outstanding (c)
 
482,392,811

 
483,073,329

 
483,992,930

 
482,725,342

Diluted weighted-average common shares outstanding (c) (d)
 
483,575,307

 
484,399,091

 
484,762,142

 
482,725,342

Basic earnings per common share
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
0.54

 
$
0.49

 
$
1.73

 
$
(1.52
)
(Loss) income from discontinued operations, net of tax
 
(0.11
)
 
(0.01
)
 
(0.10
)
 
0.84

Net income (loss)
 
$
0.43

 
$
0.48

 
$
1.63

 
$
(0.68
)
Diluted earnings per common share
 
 
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
0.54

 
$
0.49

 
$
1.72

 
$
(1.52
)
(Loss) income from discontinued operations, net of tax
 
(0.11
)
 
(0.01
)
 
(0.10
)
 
0.84

Net income (loss)
 
$
0.43

 
$
0.47

 
$
1.63

 
$
(0.68
)
(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 nine months ended September 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 nine months ended September 30, 2016, and 2015, respectively.
(d)
Due to the antidilutive effect of the net loss from continuing operations attributable to common shareholders for the nine months ended September 30, 2015, basic weighted-average common shares outstanding was used to calculate basic and diluted earnings per share.