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Earnings Per Common Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share (EPS) (in millions, except share and per share amounts):
 
Three Months Ended March 31,
 
2019
 
2018
Basic EPS:
 
 
 
Net income
$
185

 
$
159

Weighted average common shares outstanding (in thousands)
451,951

 
472,297

Basic EPS
$
0.41

 
$
0.34

 
 
 
 
Diluted EPS:
 
 
 
Net income for purposes of computing diluted EPS
$
185

 
$
159

Share computation for diluted EPS (in thousands):
 
 
 
Basic weighted average common shares outstanding
451,951

 
472,297

Dilutive effect of stock awards
1,478

 
2,301

Diluted weighted average common shares outstanding
453,429

 
474,598

Diluted EPS
$
0.41

 
$
0.34

 
 
 
 
Restricted stock unit awards excluded from the calculation of diluted EPS because inclusion would be antidilutive (in thousands)
2,267

 
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