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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2012
EARNINGS PER SHARE  
Calculation of basic and diluted earnings per share

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(In millions, except per share data)

 

2012

 

2011

 

2012

 

2011

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

204.0

 

204.5

 

204.0

 

204.6

 

Net earnings attributable to shareholders

 

$

165.8

 

$

132.1

 

$

330.0

 

$

278.2

 

Dividends and undistributed earnings attributable to unvested shares

 

(0.4

)

(0.4

)

(0.8

)

(0.8

)

Net earnings attributable to shareholders used for basic earnings per share calculation

 

$

165.4

 

$

131.7

 

$

329.2

 

$

277.4

 

Net earnings attributable to shareholders per share

 

$

0.81

 

$

0.64

 

$

1.61

 

$

1.36

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

204.0

 

204.5

 

204.0

 

204.6

 

Incremental shares outstanding assuming the exercise/vesting of dilutive stock options/performance shares

 

0.7

 

0.6

 

0.7

 

0.6

 

Weighted-average shares — diluted

 

204.7

 

205.1

 

204.7

 

205.2

 

Net earnings attributable to shareholders

 

$

165.8

 

$

132.1

 

$

330.0

 

$

278.2

 

Dividends and undistributed earnings attributable to unvested shares

 

(0.4

)

(0.4

)

(0.8

)

(0.8

)

Net earnings attributable to shareholders used for diluted earnings per share calculation

 

$

165.4

 

$

131.7

 

$

329.2

 

$

277.4

 

Net earnings attributable to shareholders per share

 

$

0.81

 

$

0.64

 

$

1.61

 

$

1.35