Net Income Per Common Share Computations

3 Months Ended

Mar. 31, 2017

Net Income Per Common Share Computations

The computations of net income per common share are presented in the following table.

Table 56: Net Income per Common Share



	Three Months Ended March 31,
($ In Millions Except Per Common Share Information)	2017		2016
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding	229,059,540		228,619,089
Net Income	$	276.1	$	245.4
Less: Dividends on Preferred Stock	20.7		5.9
Net Income Applicable to Common Stock	255.4		239.5
Less: Earnings Allocated to Participating Securities	4.5		4.1
Earnings Allocated to Common Shares Outstanding	250.9		235.4
Basic Net Income Per Common Share	$	1.10	$	1.03
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding	229,059,540		228,619,089
Plus: Dilutive Effect of Share-based Compensation	1,571,336		1,178,856
Average Common and Potential Common Shares	230,630,876		229,797,945
Earnings Allocated to Common and Potential Common Shares	$	250.9	$	235.5
Diluted Net Income Per Common Share	1.09		1.03

Note: Common stock equivalents of 468,381 and 1,796,320 for the three months ended March 31, 2017 and 2016, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.