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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Common Share  
Earnings Per Common Share (Table)

 

 

 

For the three months ended

 

For the six months ended

 

 

 

June 30,

 

June 30,

 

 

 

2015 

 

2014 

 

2015 

 

2014 

 

 

 

(in millions, except per share data)

 

Net income

 

$

264.9

 

$

319.2

 

$

694.0

 

$

643.3

 

Subtract:

 

 

 

 

 

 

 

 

 

Net income attributable to noncontrolling interest

 

7.3

 

4.6

 

14.0

 

26.8

 

Preferred stock dividends

 

8.3

 

8.3

 

16.5

 

16.5

 

Excess of redemption value over carrying value of preferred shares redeemed

 

8.2

 

 

8.2

 

 

Adjustments to redemption amounts of redeemable noncontrolling interests

 

 

(0.3

)

 

9.4

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

241.1

 

$

306.6

 

$

655.3

 

$

590.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

295.0

 

294.7

 

294.9

 

295.2

 

Dilutive effects:

 

 

 

 

 

 

 

 

 

Stock options

 

1.6

 

1.7

 

1.6

 

1.7

 

Restricted stock units

 

1.5

 

1.5

 

1.6

 

1.7

 

Performance share awards

 

0.3

 

0.4

 

0.3

 

0.4

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

298.4

 

298.3

 

298.4

 

299.0

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.82

 

$

1.04

 

$

2.22

 

$

2.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$

0.81

 

$

1.03

 

$

2.20

 

$

1.98