Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

Computation of Basic and Diluted Earnings Per Share

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



		Year Ended December 31,
		2016		2015		2014
Net income for basic EPS		$	163	$	313	$	245
Convertible debt interest, net of tax		—		—		1
Net income for diluted EPS		$	163	$	313	$	246

Basic weighted average shares outstanding		92.0		103.4		105.4
Options and non-vested stock		1.3		1.6		2.1
Convertible debt		—		—		3.1
Diluted weighted average shares outstanding		93.3		105.0		110.6

Earnings per share:
	Basic	$	1.78	$	3.02	$	2.32
	Diluted	$	1.75	$	2.98	$	2.22

Outstanding Common Stock Equivalents That Were Anti-Dilutive

The following table summarizes the Company’s outstanding common stock equivalents that were anti-dilutive and therefore excluded from the computation of diluted EPS (shares in millions):



	As of December 31,
	2016	2015	2014
Non-vested stock ^(a)	0.2	0.1	—

__________


^(a)	The weighted average grant date fair value for anti-dilutive non-vested stock for 2016 and 2015 was $52.07 and $61.15, respectively.