Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

The following table presents the computation of earnings per share for the three months ended March 31, 2020 and 2019:


	For the three months ended March 31,
(in millions, except share/per share amounts)	2020		2019
Net income (loss)	$	(1,547)	$	594

Number of common shares:
Weighted average outstanding	540,308,491		539,721,751
Issued upon assumed exercise of outstanding stock options	—		—
Effect of issuance of non-vested restricted common stock	—		665,435
Effect of issuance of non-vested restricted units	—		—
Effect of issuance of non-vested performance units	—		933,301
Weighted average and potential dilutive outstanding	540,308,491		541,320,487

Earnings per common share
Basic	$	(2.86)	$	1.10
Diluted	$	(2.86)	$	1.10

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the common stock shares equivalent excluded from the calculation of diluted earnings per share for the three months ended March 31, 2020 and 2019, as they would have had an antidilutive effect:


	For the three months ended March 31,
	2020	2019
Unexercised stock options	4,584,563	5,128,640
Unvested share-based payment	1,006,860	1,881,355
Restricted stock units	1,312,293	—
Performance units	2,275,498	260,201
Total	9,179,214	7,270,196