Earnings per Share

3 Months Ended

Mar. 31, 2019

EARNINGS PER SHARE

Basic earnings per share are based upon the weighted-average number of shares of common stock outstanding. Diluted earnings per share are based upon the weighted-average number of shares of common stock outstanding, plus all potentially dilutive securities that were assumed to be converted into common shares at the beginning of the period under the treasury stock method. Our potentially dilutive securities consist of stock options, stock settled appreciation rights (SSARs), restricted stock or units and performance share awards.



	Quarter Ended
	March 31,
	2019	2018
Denominator for basic earnings per share:
Weighted average common shares outstanding - basic	131	145
Effect of dilutive securities:
Dilutive effect of employee stock plans	1	2
Denominator for diluted earnings per share:
Weighted average shares outstanding - diluted	132	147

For the three months ended March 31, 2019 and 2018, there were no SSARs that were considered not in-the-money for purposes of our earnings per share calculation.