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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]  
Antidilutive Securities Excluded From Computation Of Earnings Per Share
For the Current Quarter, the Prior Quarter, the Current Period and the Prior Period, shares of the following securities and associated adjustments to net income, representing dividends on preferred stock and allocated earnings on participating securities, were excluded from the calculation of diluted EPS as the effect was antidilutive.
 
 
Net Income
Adjustments
 
Shares
 
 
($ in millions)
 
(in millions)
Three Months Ended June 30, 2015
 
 
 
 
Common stock equivalent of our preferred stock outstanding:
 
 
 
 
5.75% cumulative convertible preferred stock
 
$
21

 
59

5.75% cumulative convertible preferred stock (series A)
 
$
16

 
42

5.00% cumulative convertible preferred stock (series 2005B)
 
$
3

 
6

4.50% cumulative convertible preferred stock
 
$
3

 
6

Participating securities
 
$

 
1

 
 
 
 
 
Three Months Ended June 30, 2014
 
 
 
 
Common stock equivalent of our preferred stock outstanding:
 
 
 
 
5.75% cumulative convertible preferred stock
 
$
22

 
59

5.75% cumulative convertible preferred stock (series A)
 
$
16

 
42

5.00% cumulative convertible preferred stock (series 2005B)
 
$
3

 
6

4.50% cumulative convertible preferred stock
 
$
3

 
6

Participating securities
 
$
3

 
3

 
 
 
 
 
 
 
Net Income
Adjustments
 
Shares
 
 
($ in millions)
 
(in millions)
Six Months Ended June 30, 2015
 
 
 
 
Common stock equivalent of our preferred stock outstanding:
 
 
 
 
5.75% cumulative convertible preferred stock
 
$
43

 
59

5.75% cumulative convertible preferred stock (series A)
 
$
32

 
42

5.00% cumulative convertible preferred stock (series 2005B)
 
$
5

 
6

4.50% cumulative convertible preferred stock
 
$
6

 
6

Participating securities
 
$

 
2

 
 
 
 
 
Six Months Ended June 30, 2014
 
 
 
 
Common stock equivalent of our preferred stock outstanding:
 
 
 
 
5.00% cumulative convertible preferred stock (series 2005B)
 
$
5

 
6

4.50% cumulative convertible preferred stock
 
$
6

 
6

Participating securities
 
$
11

 
3

Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of basic EPS and diluted EPS for the Prior Period is as follows:
 
 
Income (Numerator)
 
Weighted
Average
Shares
(Denominator)
 
Per
Share
Amount  
 
 
(in millions, except per share data)
Six Months Ended June 30, 2014
 
 
 
 
 
 
Basic EPS
 
$
518

 
658

 
$
0.79

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
 
43

 
59

 
 
Common shares assumed issued for 5.75% cumulative convertible preferred stock (series A)
 
32

 
42

 
 
Outstanding stock options
 

 
1

 
 
Diluted EPS
 
$
593

 
760

 
$
0.78