Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

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

TABLE 61: NET INCOME PER COMMON SHARE


	THREE MONTHS ENDED MARCH 31,
($ In Millions Except Per Common Share Information)	2021		2020
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding	208,112,824		208,881,131
Net Income	$	375.1	$	360.6
Less: Dividends on Preferred Stock	16.2		30.5
Net Income Applicable to Common Stock	358.9		330.1
Less: Earnings Allocated to Participating Securities	3.7		3.9
Earnings Allocated to Common Shares Outstanding	355.2		326.2
Basic Net Income Per Common Share	$	1.71	$	1.56
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding	208,112,824		208,881,131
Plus: Dilutive Effect of Share-based Compensation	833,624		935,691
Average Common and Potential Common Shares	208,946,448		209,816,822
Earnings Allocated to Common and Potential Common Shares	$	355.2	$	326.2
Diluted Net Income Per Common Share	1.70		1.55

Note: For the three months ended March 31, 2021 and 2020, there were no common stock equivalents excluded in the computation of diluted net income per share.