Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]

Reconciliation of basic EPS and diluted EPS

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

	Three Months Ended March 31,
	2018		2017
	(in millions, except per share data)
Net income available to common stockholders	$	268	$	75
Effect of dilutive securities	36		—
Diluted income per share	$	304	$	75
Weighted average common and common equivalent shares outstanding - basic	907		906
Effect of dilutive securities	146		1
Weighted average common and common equivalent shares outstanding - diluted	1,053		907
Net income per share attributable to Chesapeake:
Basic	$	0.30	$	0.08
Diluted	$	0.29	$	0.08
Shares of common stock for the following dilutive securities were excluded from the calculation of diluted EPS as the effect was antidilutive:
Common stock equivalent of our preferred stock outstanding	60		60
Common stock equivalent of our convertible senior notes outstanding	—		146
Common stock equivalent of our preferred stock outstanding prior to exchange	—		1
Participating securities	—		1

Reconciliation of basic EPS and diluted EPS

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

	Three Months Ended March 31,
	2018		2017
	(in millions, except per share data)
Net income available to common stockholders	$	268	$	75
Effect of dilutive securities	36		—
Diluted income per share	$	304	$	75
Weighted average common and common equivalent shares outstanding - basic	907		906
Effect of dilutive securities	146		1
Weighted average common and common equivalent shares outstanding - diluted	1,053		907
Net income per share attributable to Chesapeake:
Basic	$	0.30	$	0.08
Diluted	$	0.29	$	0.08
Shares of common stock for the following dilutive securities were excluded from the calculation of diluted EPS as the effect was antidilutive:
Common stock equivalent of our preferred stock outstanding	60		60
Common stock equivalent of our convertible senior notes outstanding	—		146
Common stock equivalent of our preferred stock outstanding prior to exchange	—		1
Participating securities	—		1