The
following table sets forth the computation of basic earnings (loss)
per common share and diluted earnings (loss) per common
share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended
June 30 |
|
|
Six Months Ended
June 30 |
|
| |
|
2012 |
|
|
2011 |
|
|
2012 |
|
|
2011 |
|
| |
|
(In millions, except per share amounts) |
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing
operations
|
|
$ |
351 |
|
|
$ |
79 |
|
|
$ |
590 |
|
|
$ |
129 |
|
|
Less: Preferred stock
dividends and accretion
|
|
|
(71 |
) |
|
|
(54 |
) |
|
|
(125 |
) |
|
|
(106 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing
operations available to common shareholders
|
|
|
280 |
|
|
|
25 |
|
|
|
465 |
|
|
|
23 |
|
|
Income (loss) from
discontinued operations, net of tax
|
|
|
4 |
|
|
|
30 |
|
|
|
(36 |
) |
|
|
49 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income available to
common shareholders
|
|
$ |
284 |
|
|
$ |
55 |
|
|
$ |
429 |
|
|
$ |
72 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average common
shares outstanding—basic
|
|
|
1,414 |
|
|
|
1,258 |
|
|
|
1,348 |
|
|
|
1,257 |
|
|
Potential common
shares
|
|
|
4 |
|
|
|
2 |
|
|
|
2 |
|
|
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average common
shares outstanding—diluted
|
|
|
1,418 |
|
|
|
1,260 |
|
|
|
1,350 |
|
|
|
1,259 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per common share
from continuing operations (1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
0.20 |
|
|
$ |
0.02 |
|
|
$ |
0.34 |
|
|
$ |
0.02 |
|
|
Diluted
|
|
|
0.20 |
|
|
|
0.02 |
|
|
|
0.34 |
|
|
|
0.02 |
|
|
Earnings (loss) per common
share from discontinued operations (1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
0.00 |
|
|
|
0.02 |
|
|
|
(0.03 |
) |
|
|
0.04 |
|
|
Diluted
|
|
|
0.00 |
|
|
|
0.02 |
|
|
|
(0.03 |
) |
|
|
0.04 |
|
|
Earnings per common share
(1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
0.20 |
|
|
|
0.04 |
|
|
|
0.32 |
|
|
|
0.06 |
|
|
Diluted
|
|
|
0.20 |
|
|
|
0.04 |
|
|
|
0.32 |
|
|
|
0.06 |
|
| (1) |
Certain per share amounts may not appear to reconcile due to
rounding.
|
|