Earnings Per Share Earnings Per Share (Notes)

9 Months Ended

Sep. 30, 2016

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



		Three Months Ended September 30,				Nine Months Ended September 30,
		2016		2015		2016		2015
Net income for basic and diluted EPS		$	209	$	184	$	194	$	318

Basic weighted average shares outstanding		90.4		102.7		93.5		104.7
Options and non-vested stock ^(a)		1.4		1.3		1.3		1.4
Diluted weighted average shares outstanding		91.8		104.0		94.8		106.1

Earnings per share:
	Basic	$	2.32	$	1.80	$	2.07	$	3.04
	Diluted	$	2.28	$	1.77	$	2.05	$	3.00

__________

^(a)

For the three months ended September 30, 2016 and 2015, 0.2 million and 0.3 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding. For the nine months ended September 30, 2016 and 2015, 0.2 million and 0.1 million, respectively, non-vested stock awards have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.