Earnings Per Share

12 Months Ended

Dec. 31, 2018

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



		Year Ended December 31,
		2018		2017		2016
Net income for basic and diluted EPS		$	165	$	361	$	163

Basic weighted average shares outstanding		79.3		83.4		92.0
Options and non-vested stock		0.8		1.4		1.3
Diluted weighted average shares outstanding		80.1		84.8		93.3

Earnings per share:
	Basic	$	2.08	$	4.32	$	1.78
	Diluted	$	2.06	$	4.25	$	1.75

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,
	2018	2017	2016
Non-vested stock ^(a)	0.2	0.5	0.2

__________


^(a)	The weighted average grant date fair value for anti-dilutive non-vested stock for 2018, 2017 and 2016 was $48.66, $38.40 and $52.07, respectively.