Net Income per Common Share

12 Months Ended

Dec. 31, 2016

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

TABLE 81: NET INCOME PER COMMON SHARE



	FOR THE YEAR ENDED DECEMBER 31,
($ In Millions Except Per Common Share Information)	2016		2015		2014
BASIC NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding	227,580,584		232,279,849		235,829,790
Net Income	$	1,032.5	$	973.8	$	811.8
Less: Dividends on Preferred Stock	23.4		23.4		9.5

Net Income Applicable to Common Stock	$	1,009.1	$	950.4	$	802.3
Less: Earnings Allocated to Participating Securities	18.7		15.4		13.3

Earnings Allocated to Common Shares Outstanding	990.4		935.0		789.0
Basic Net Income Per Common Share	4.35		4.03		3.34

DILUTED NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding	227,580,584		232,279,849		235,829,790
Plus Dilutive Effect of Share-based Compensation	1,570,822		1,941,880		1,890,465

Average Common and Potential Common Shares	229,151,406		234,221,729		237,720,255

Earnings Allocated to Common and Potential Common Shares	$	990.4	$	935.0	$	789.0
Diluted Net Income Per Common Share	4.32		3.99		3.32

Note: For the year ended December 31, 2016, there were no common stock equivalents excluded in the computation of diluted net income per common share. Common stock equivalents totaling 371,059, and 1,517,588 for the years ended December 31, 2015 and 2014, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.