Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

12. Earnings Per Share

The following is a reconciliation of weighted average shares for the basic and diluted shares computations (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Weighted average shares outstanding for basic net earnings per share		187.7		198.7		190.6		201.2
Effect of dilutive stock options and other equity awards		1.1		1.0		1.2		1.1
Weighted average shares outstanding for diluted net earnings per share		188.8		199.7		191.8		202.3

During the three and nine month periods ended September 30, 2011, an average of 13.8 million options and 12.7 million options, respectively, to purchase shares of common stock were not included in the computation of diluted earnings per share because the exercise prices of these options were greater than the average market price of the common stock. During the three and nine month periods ended September 30, 2010, an average of 14.4 million options and 13.5 million options, respectively, were not included in the computation.

In the three month period ended September 30, 2011, we repurchased 10.1 million shares of our common stock at an average price of $54.30 per share for a total cash outlay of $549.3 million, including commissions. In the nine month period ended September 30, 2011, we repurchased 16.2 million shares of our common stock at an average price of $56.05 per share for a total cash outlay of $906.5 million, including commissions. As of September 30, 2011, approximately $0.3 billion remained authorized under a $1.5 billion repurchase program, which will expire on December 31, 2013.