Earnings Per Share

12 Months Ended

Dec. 31, 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): 

		Year Ended December 31,
		2019		2018		2017
Net income for basic and diluted EPS		$	302	$	165	$	361
Basic weighted average shares outstanding		75.2		79.3		83.4
Options and non-vested stock		0.5		0.8		1.4
Diluted weighted average shares outstanding		75.7		80.1		84.8
Earnings per share:
	Basic	$	4.01	$	2.08	$	4.32
	Diluted	$	3.98	$	2.06	$	4.25

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,
	2019	2018	2017
Non-vested stock (a)	0.5	0.2	0.5

__________

^(a) 

The weighted average grant date fair value for anti-dilutive non-vested stock for 2019, 2018 and 2017 was $39.48, $48.66 and $38.40, respectively.