Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Antidilutive Securities Excluded From Computation Of Earnings Per Share

For the Current Quarter and the Current Period, the following shares of unvested restricted stock and cumulative convertible preferred stock and associated adjustments to net income, consisting of dividends on such shares, were not included in the calculation of diluted EPS, as the effect was antidilutive:



	Net Income Adjustments		Shares
	($ in millions)		(in millions)
Three Months Ended September 30, 2012:
Common stock equivalent of our preferred stock outstanding:
5.75% cumulative convertible preferred stock	$	21	56
5.75% cumulative convertible preferred stock (series A)	$	16	39
5.00% cumulative convertible preferred stock (series 2005B)	$	3	5
4.50% cumulative convertible preferred stock	$	3	6
Unvested restricted stock	$	—	3

Nine Months Ended September 30, 2012:
Common stock equivalent of our preferred stock outstanding:
5.75% cumulative convertible preferred stock	$	64	56
5.75% cumulative convertible preferred stock (series A)	$	47	39
5.00% cumulative convertible preferred stock (series 2005B)	$	8	5
4.50% cumulative convertible preferred stock	$	9	6
Unvested restricted stock	$	—	4

Reconciliation of Basic Earnings Per Share and Diluted Earnings Per Share

A reconciliation of basic EPS and diluted EPS for the Prior Quarter and the Prior Period is as follows:



	Income (Numerator)		Weighted Average Shares (Denominator)	Per Share Amount
	(in millions, except per share data)
Three Months Ended September 30, 2011:
Basic EPS	$	879	638	$	1.38
Effect of Dilutive Securities:
Assumed conversion as of the beginning of the period of preferred shares outstanding during the period:
Common shares assumed issued for 5.75% cumulative convertible preferred stock	21		56
Common shares assumed issued for 5.75% cumulative convertible preferred stock (series A)	16		39
Common shares assumed issued for 5.00% cumulative convertible preferred stock (series 2005B)	3		5
Common shares assumed issued for 4.50% cumulative convertible preferred stock	3		6
Unvested restricted stock	—		8
Outstanding stock options	—		1
Diluted EPS	$	922	753	$	1.23
Nine Months Ended September 30, 2011:
Basic EPS	$	1,141	636	$	1.79
Effect of Dilutive Securities:
Assumed conversion as of the beginning of the period of preferred shares outstanding during the period:
Common shares assumed issued for 5.75% cumulative convertible preferred stock	64		56
Common shares assumed issued for 5.75% cumulative convertible preferred stock (series A)	47		39
Common shares assumed issued for 5.00% cumulative convertible preferred stock (series 2005B)	8		5
Common shares assumed issued for 4.50% cumulative convertible preferred stock	9		6
Unvested restricted stock	—		9
Outstanding stock options	—		1
Diluted EPS	$	1,269	752	$	1.69