Earnings Per Share

9 Months Ended

Sep. 30, 2018

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,
		2018		2017		2018		2017
Net income for basic and diluted EPS		$	213	$	245	$	152	$	141

Basic weighted average shares outstanding		78.8		82.6		80.1		84.1
Options and non-vested stock ^(a)		0.7		1.4		0.9		1.4
Diluted weighted average shares outstanding		79.5		84.0		81.0		85.5

Earnings per share:
	Basic	$	2.71	$	2.96	$	1.90	$	1.68
	Diluted	$	2.68	$	2.91	$	1.88	$	1.65

__________

^(a)

For the three months ended September 30, 2018 and 2017, 0.5 million and 0.7 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, 2018 and 2017, 0.2 million and 0.8 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.