Net Income Per Common Share Computations (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net Income per Common Share

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

TABLE 58: NET INCOME PER COMMON SHARE

	THREE MONTHS ENDED MARCH 31,
($ In Millions Except Per Common Share Information)	2020		2019
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding	208,881,131		218,236,802
Net Income	$	360.6	$	347.1
Less: Dividends on Preferred Stock	30.5		17.3
Net Income Applicable to Common Stock	330.1		329.8
Less: Earnings Allocated to Participating Securities	3.9		4.3
Earnings Allocated to Common Shares Outstanding	326.2		325.5
Basic Net Income Per Common Share	$	1.56	$	1.49
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding	208,881,131		218,236,802
Plus: Dilutive Effect of Share-based Compensation	935,691		1,033,413
Average Common and Potential Common Shares	209,816,822		219,270,215
Earnings Allocated to Common and Potential Common Shares	$	326.2	$	325.4
Diluted Net Income Per Common Share	1.55		1.48

Note:

For the three months ended March 31, 2020 and 2019, there were no common stock equivalents excluded in the computation of diluted net income per share.