Net Income Per Common Share Computations (Tables)

6 Months Ended

Jun. 30, 2017

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

Table 55: Net Income per Common Share



	Three Months Ended June 30,				Six Months Ended June 30,
($ In Millions Except Per Common Share Information)	2017		2016		2017		2016
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding	229,196,531		227,535,701		229,128,414		228,077,395
Net Income	$	267.9	$	263.0	$	544.0	$	508.4
Less: Dividends on Preferred Stock	5.9		5.8		26.6		11.7
Net Income Applicable to Common Stock	262.0		257.2		517.4		496.7
Less: Earnings Allocated to Participating Securities	4.4		4.8		8.9		8.9
Earnings Allocated to Common Shares Outstanding	257.6		252.4		508.5		487.8
Basic Net Income Per Common Share	$	1.12	$	1.11	$	2.22	$	2.14
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding	229,196,531		227,535,701		229,128,414		228,077,395
Plus: Dilutive Effect of Share-based Compensation	1,441,292		1,743,839		1,505,954		1,461,348
Average Common and Potential Common Shares	230,637,823		229,279,540		230,634,368		229,538,743
Earnings Allocated to Common and Potential Common Shares	$	257.6	$	252.4	$	508.5	$	487.9
Diluted Net Income Per Common Share	1.12		1.10		2.21		2.13

Note: For the three months ended June 30, 2017, there were no common stock equivalents excluded in the computation of diluted net income per share. Common stock equivalents of 232,897 for the six months ended June 30, 2017, and 331,233 and 1,557,641 for the three and six months ended June 30, 2016, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.