Earnings Per Share Earnings Per Share (Notes)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (“EPS”) (shares in millions):

		Three Months Ended   June 30,					Six Months Ended   June 30,
		2013			2012		2013			2012
Net income (loss) for basic EPS		$	(28	)	$	79	$	(74	)	$	56
Convertible note interest, net of tax		—			1		—			3
Net income (loss) for diluted EPS		$	(28	)	$	80	$	(74	)	$	59
Basic weighted average shares outstanding		108.4			106.7		108.0			106.3
Options, warrants and non-vested stock (a) (b)		—			1.8		—			1.9
Convertible debt (c)		—			13.4		—			16.6
Diluted weighted average shares outstanding		108.4			121.9		108.0			124.8
Earnings (loss) per share:
	Basic	$	(0.26	)	$	0.74	$	(0.69	)	$	0.52
	Diluted	$	(0.26	)	$	0.66	$	(0.69	)	$	0.47

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^(a)  As the Company incurred a net loss for the three and six months ended June 30, 2013, 1.2 million outstanding options, 4.6 million warrants and 3.5 million non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.

^(b)  For the three and six months ended June 30, 2012, 0.2 million outstanding options, 8.9 million warrants and 1.2 million non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.

^(c)  As the Company incurred a net loss for the three and six months ended June 30, 2013, 4.6 million issuable shares underlying the 3½% convertible notes due 2014 have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.