Earnings Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

3. 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,
		2017		2016		2015
Net income for basic and diluted EPS		$	361	$	163	$	313
Basic weighted average shares outstanding		83.4		92.0		103.4
Options and non-vested stock		1.4		1.3		1.6
Diluted weighted average shares outstanding		84.8		93.3		105.0
Earnings per share:
	Basic	$	4.32	$	1.78	$	3.02
	Diluted	$	4.25	$	1.75	$	2.98

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,
	2017	2016	2015
Non-vested stock (a)	0.5	0.2	0.1

__________

^(a)  The weighted average grant date fair value for anti-dilutive non-vested stock for 2017, 2016 and 2015 was $38.40, $52.07 and $61.15, respectively.