Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share

Calculation of basic and diluted EPS

The following table presents the calculation of basic and diluted EPS for the three months ended March 31, 2017, and 2016 (in millions, except per-share amounts):

	Three months ended March 31
	2017		2016
Basic EPS
Income (loss) from continuing operations	$	117	$	(360	)
Discontinued operations, net	—		438
Net Income	117		78
Less: Net income allocated to participating securities	—		—
Net Income, net of participating securities	117		78
Weighted average number of basic shares	764.4		763.4
Basic EPS	$	0.15	$	0.10
Diluted EPS
Net income, net of participating securities	$	117	$	78
Weighted average number of basic shares	764.4		763.4
Dilutive effect of potentially dilutive securities	0.8		—
Total diluted weighted average common shares	765.2		763.4
Diluted EPS	$	0.15	$	0.10