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Earnings Per Share
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

15.  Earnings Per Share

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Weighted average shares outstanding for basic net earnings per share

 

 

205.3

 

 

 

203.7

 

 

 

204.8

 

 

 

203.3

 

Effect of dilutive stock options and other equity awards

 

 

1.7

 

 

 

1.7

 

 

 

1.5

 

 

 

1.6

 

Weighted average shares outstanding for diluted net earnings per share

 

 

207.0

 

 

 

205.4

 

 

 

206.3

 

 

 

204.9

 

 

During the nine month period ended September 30, 2019, an average of 1.2 million options 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 our common stock, with minimal options excluded in the three month period ended September 30, 2019.  In the three and nine month periods ended September 30, 2018, an average of 0.7 million options and 1.8 million options, respectively, were not included for the same reason.