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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of effects of the change in presentation
Adoption of ASU No. 2016-09. The Corporation adopted ASU No. 2016-09 on July 1, 2016 with an effective date of January 1, 2016, which resulted in reclassifications of $2.3 million and $5.9 million from additional paid-in capital to provision for income taxes, representing excess tax benefits previously recognized in additional paid-in-capital during the three and six months ended June 30, 2016, respectively.
Adoption of the standard impacted the Corporation’s previously reported results as follows:
 
 
Three Months Ended
Six Months Ended
 
 
June 30, 2016
June 30, 2016
($ In Millions except per share data)
 
As Reported
 
As Adjusted
As Reported
 
As Adjusted
     Provision for Income Taxes
 
$
134.0

 
$
131.7

$
251.4

 
$
245.5

     Net Income
 
260.7

 
263.0

502.5

 
508.4

     Earnings Allocated to Participating Securities
 
4.7

 
4.8

8.8

 
8.9

     Net Income Applicable to Common Stock
 
254.9

 
257.2

490.8

 
496.7

 
 
 
 
 
 
 
 
     Effective Tax Rate
 
33.9
%
 
33.4
%
33.3
%
 
32.6
%
 
 
 
 
 
 
 
 
     Basic Earnings per Share
 
$
1.10

 
$
1.11

$
2.11

 
$
2.14

     Diluted Earnings per Share
 
1.09

 
1.10

2.10

 
2.13

     Diluted Weighted Average Shares Outstanding (000s)
 
229,197

 
229,280

229,588

 
229,539

 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2016
 
 
 
 
 
As Reported
 
As Adjusted
     Additional Paid-In Capital
 
 
 
 
$
1,040.2

 
$
1,034.3

     Retained Earnings
 
 
 
 
8,566.3

 
8,572.2