Earnings Per Share Earnings Per Share (Notes)

6 Months Ended

Jun. 30, 2015

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,
		2015		2014		2015		2014
Net income for basic EPS		$	143	$	26	$	134	$	30
Convertible note interest, net of tax		—		1		—		1
Net income for diluted EPS		$	143	$	27	$	134	$	31

Basic weighted average shares outstanding		105.5		105.1		105.8		105.8
Options and non-vested stock ^(a)		1.2		1.9		1.3		2.0
Convertible debt		—		4.0		—		4.0
Diluted weighted average shares outstanding		106.7		111.0		107.1		111.8

Earnings per share:
	Basic	$	1.36	$	0.25	$	1.27	$	0.29
	Diluted	$	1.34	$	0.24	$	1.25	$	0.28

__________

^(a)

For the three and six months ended June 30, 2015, 0.2 million and 0.1 million non-vested stock awards, respectively, have an anti-dilutive effect and are therefore excluded from the computation of diluted weighted average shares outstanding. For the three and six months ended June 30, 2014, the number of anti-dilutive securities which were excluded from the computation of diluted earnings per share was not significant.