Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Schedule Of Earnings Per Share

	For the three months ended					For the six months ended
	June 30,					June 30,
	2015			2014		2015		2014
	(in millions, except share/per share amounts)
Net income (loss)	$	(788)	$		207	$	(710)	$	401
Mandatory convertible preferred stock dividend		27			–		52		–
Net income (loss) attributable to common stock		(815)			207		(762)		401
Number of common shares:
Weighted average outstanding		382,114,011			351,391,582		378,797,446		351,307,527
Issued upon assumed exercise of outstanding stock options (1)		–			490,302		–		418,987
Effect of issuance of non-vested restricted common stock (2)		–			577,599		–		472,008
Effect of issuance of non-vested performance units (3)		–			120,039		–		107,746
Effect of issuance of mandatory convertible preferred stock (4)		–			–		–		–
Weighted average and potential dilutive outstanding		382,114,011			352,579,522		378,797,446		352,306,268
Earnings (loss) per common share:
Basic	$	(2.13)	$		0.59	$	(2.01)	$	1.14
Diluted	$	(2.13)	$		0.59	$	(2.01)	$	1.14

⁽¹⁾ Due to the net loss for the three and six months ended June 30, 2015, options of 3,832,533 shares and 3,768,666 shares, respectively, were antidilutive and excluded from the calculation of diluted earnings per share.  For the three and six months ended June  30, 2014,options of654,189 shares and 1,026,958 shares, respectively, were antidilutive and excluded from the calculation of diluted earnings per share.

⁽²⁾ Due to the net loss for the three and six months ended June 30, 2015, 1,507,788 shares and 1,787,257 shares, respectively, of restricted stockwere antidilutive and excluded from the calculation of diluted earnings per share. For the three and six months ended June 30, 2014, 19,045 shares and 22,952 shares, respectively, of restricted stock were antidilutive and excluded from the calculation of diluted earnings per share. 

⁽³⁾ Due to the net loss for the three and six months ended June 30, 2015, 129,202 shares and 116,185 shares, respectively, of performance units were antidilutive and excluded from the calculation of diluted earnings per share.

⁽⁴⁾ Due to the net loss for the three and six months ended June 30, 2015, 72,723,440 and 64,687,701 of weighted average common shares issuable upon the assumed conversion of the mandatory convertible preferred stock, respectively, were antidilutive and excluded from the calculation of diluted earnings per share.