Net Income Per Common Share Computations (Tables)

3 Months Ended

Mar. 31, 2019

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

Table 62: Net Income per Common Share



	Three Months Ended March 31,
($ In Millions Except Per Common Share Information)	2019		2018
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding	218,236,802		225,681,167
Net Income	$	347.1	$	381.6
Less: Dividends on Preferred Stock	17.3		17.3
Net Income Applicable to Common Stock	$	329.8	$	364.3
Less: Earnings Allocated to Participating Securities	4.3		5.2
Earnings Allocated to Common Shares Outstanding	$	325.5	$	359.1
Basic Net Income Per Common Share	$	1.49	$	1.59
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding	218,236,802		225,681,167
Plus: Dilutive Effect of Share-based Compensation	1,033,413		1,366,352
Average Common and Potential Common Shares	219,270,215		227,047,519
Earnings Allocated to Common and Potential Common Shares	$	325.4	$	359.2
Diluted Net Income Per Common Share	$	1.48	$	1.58

Note: For the three months ended March 31, 2019, there were no common stock equivalents excluded in the computation of diluted net income per share. There were no common stock equivalents excluded in the computation of diluted net income per share for the three months ended March 31, 2018.