Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Schedule Of Earnings Per Share

		For the three months ended
		March 31,
		2015		2014
		(in millions, except share/per share amounts)
Net income	$	78	$	194
Mandatory convertible preferred stock dividend		25		–
Net income attributable to shareholders		53		194
Participating securities - mandatory convertible preferred stock		7		–
Net income attributable to common stock		46		194
Number of common shares:
Weighted average outstanding		375,444,030		351,222,538
Issued upon assumed exercise of outstanding stock options (1)		–		348,798
Effect of issuance of non-vested restricted common stock (1)		133,634		349,608
Effect of issuance of non-vested performance units		390		64,877
Effect of mandatory convertible preferred stock (2)		–		–
Weighted average and potential dilutive outstanding		375,578,054		351,985,821
Earnings per common share:
Basic	$	0.12	$	0.55
Diluted	$	0.12	$	0.55

⁽¹⁾ Options for 3,704,089 shares and 1,916,645 shares of restricted stock were excluded from the calculation for the three months ended March 31, 2015 because they would have had an antidilutive effect.  Options for 1,179,914 shares and 29,688 shares of restricted stock were excluded from the calculation for the three months ended March 31, 2014 because they would have had an antidilutive effect.

⁽²⁾ Weighted average common shares issuable upon the assumed conversion of the mandatory convertible preferred stock totaling 58,333,252 shares were excluded from the computation of diluted earnings per share as such conversion would have been antidilutive.