Net Income per Common Share

12 Months Ended

Dec. 31, 2015

The computations of net income per common share are presented below.

TABLE 79: NET INCOME PER COMMON SHARE



	FOR THE YEAR ENDED DECEMBER 31,
($ In Millions Except Per Common Share Information)	2015		2014		2013
BASIC NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding	232,279,849		235,829,790		239,265,313
Net Income	$	973.8	$	811.8	$	731.3
Less: Dividends on Preferred Stock	23.4		9.5		—

Net Income Applicable to Common Stock	$	950.4	$	802.3	$	731.3
Less: Earnings Allocated to Participating Securities	15.4		13.3		11.9

Earnings Allocated to Common Shares Outstanding	935.0		789.0		719.4
Basic Net Income Per Common Share	4.03		3.34		3.01

DILUTED NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding	232,279,849		235,829,790		239,265,313
Plus Dilutive Effect of Share-based Compensation	1,941,880		1,890,465		1,289,527

Average Common and Potential Common Shares	234,221,729		237,720,255		240,554,840

Earnings Allocated to Common and Potential Common Shares	$	935.0	$	789.0	$	719.5
Diluted Net Income Per Common Share	3.99		3.32		2.99

Note: Common stock equivalents totaling 371,059, 1,517,588, and 3,498,894 for the years ended December 31, 2015, 2014, and 2013, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.