Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted

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 per share data; shares in thousands) (a)	2020		2019		2020		2019
Net income from continuing operations	$	476	$	381	$	399	$	1,340
Loss from discontinued operations, net of tax	—		—		(1)		(3)
Net income attributable to common stockholders	$	476	$	381	$	398	$	1,337
Basic weighted-average common shares outstanding (b)	375,658		390,205		375,478		397,427
Diluted weighted-average common shares outstanding (b) (c)	377,011		392,604		376,659		399,442
Basic earnings per common share
Net income from continuing operations	$	1.27	$	0.98	$	1.06	$	3.37
Loss from discontinued operations, net of tax	—		—		—		(0.01)
Net income	$	1.27	$	0.97	1.06		3.36
Diluted earnings per common share
Net income from continuing operations	$	1.26	$	0.97	1.06		3.35
Loss from discontinued operations, net of tax	—		—		—		(0.01)
Net income	$	1.26	$	0.97	$	1.06	$	3.35

(a)Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.

(b)Includes shares related to share-based compensation that vested but were not yet issued.

(c)During the three months and nine months ended September 30, 2020, there were 0.4 million and 1.0 million, respectively, in shares underlying share-based awards excluded because their inclusion would have been antidilutive. There were no antidilutive shares during the three months and nine months ended September 30, 2019.