Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Computation Of Basic And Diluted 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,
	2012		2011		2012		2011
Net income for basic EPS	$	280	$	82	$	336	$	141
Convertible note interest, net of tax		1		2		4		5
Net income for diluted EPS		281		84		340		146
Basic weighted average shares outstanding		106.8		105.4		106.5		105.1
Options, warrants and non-vested stock		2.3		2.3		2.2		2.6
Convertible debt		8.9		21.2		14.0		21.2
Diluted weighted average shares outstanding		118.0		128.9		122.7		128.9
Earnings per share:
Basic	$	2.62	$	0.78	$	3.16	$	1.34
Diluted	$	2.38	$	0.65	$	2.77	$	1.14

Outstanding Common Stock Equivalents That Were Anti-Dilutive

The following table summarizes the Company’s outstanding common stock equivalents that were anti-dilutive and therefore excluded from the computation of diluted EPS:

	Three Months  Ended September 30,				Nine Months  Ended September 30,
	2012		2011		2012		2011
Options (a)		0.2		1.1		0.2		1.2
Warrants (b) (c)		8.9		21.2		8.9		21.2

^(a)  The weighted average exercise price for anti-dilutive options for the three and nine months ended September 30, 2012 was $17.17 and $16.35, respectively. For the three and nine months ended September 30, 2011, the weighted average exercise price for anti-dilutive options was $24.59.

^(b)  Represents all outstanding warrants as of September 30, 2012 and 2011, which had an exercise price of $22.50.

^(c)  The decrease in the number of warrants underlying the 3 ¹/₂% convertible notes that were anti-dilutive was related to the Company’s repurchase of a portion of its 3 ¹/₂% convertible notes and warrants (see Note 11—Long-term Debt and Borrowing Arrangements and Note 14—Stockholders’ Equity for more information).