Earnings Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

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,
		2019		2018		2019		2018
Net income for basic and diluted EPS		$	189	$	213	$	160	$	152
Basic weighted average shares outstanding		75.2		78.8		75.6		80.1
Options and non-vested stock (a)		0.5		0.7		0.6		0.9
Diluted weighted average shares outstanding		75.7		79.5		76.2		81.0
Earnings per share:
	Basic	$	2.52	$	2.71	$	2.12	$	1.90
	Diluted	$	2.50	$	2.68	$	2.10	$	1.88

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^(a) 

For the three months ended September 30, 2019 and 2018, 0.4 million and 0.5 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, 2019 and 2018, 0.5 million and 0.2 million non-vested stock awards, respectively, have an anti-dilutive effect and therefore are excluded from the computation of diluted weighted average shares outstanding.