Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.10.0.1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted EPS
The following table sets forth the computation of basic and diluted EPS (in millions, except per-share data):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2018
 
2017
 
2018
 
2017
Net income
$
21

 
$
48

 
$
61

 
$
81

Basic weighted average shares outstanding
99.9

 
99.8

 
99.8

 
99.8

Stock options and restricted stock units (“RSUs”)
0.1

 
—

 
—

 
—

Diluted weighted average shares outstanding
100.0

 
99.8

 
99.8

 
99.8

Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.21

 
$
0.48

 
$
0.61

 
$
0.81

Diluted
0.21

 
0.48

 
0.61

 
0.81

Dividends:
 
 
 
 
 
 
 
Aggregate dividends paid to shareholders
$
27

 
$
—

 
$
27

 
$
—

Schedule of Stock Repurchase Activity
The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data):
 
Shares
 
Cost
 
Average Price Per Share
As of May 31, 2018
—

 
$
—

 
$
—

For the month ended June 30, 2018
0.2

 
15.0

 
61.07

As of June 30, 2018
0.2

 
$
15.0

 
61.07