Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share

Calculation of basic and diluted EPS

The following table presents the calculation of basic and diluted EPS for the three and six months ended June 30, 2018, and 2017 (in millions, except per-share amounts):

	Three months ended  June 30				Six months ended June 30
	2018		2017		2018		2017
Basic EPS
Net Income	$	848	$	507	$	1,556	$	624
Less: Net income allocated to participating securities		(5)		(2)		(8)		(2)
Net  Income, net of participating securities		843		505		1,548		622
Weighted average number of basic shares		765.7		764.9		765.7		764.7
Basic EPS	$	1.10	$	0.66	$	2.02	$	0.81
Diluted EPS
Net income, net of participating securities	$	843	$	505	$	1,548	$	622
Weighted average number of basic shares		765.7		764.9		765.7		764.7
Dilutive effect of potentially dilutive securities		1.7		1.0		1.5		0.8
Total diluted weighted average common shares		767.4		765.9		767.2		765.5
Diluted EPS	$	1.10	$	0.66	$	2.02	$	0.81