Net Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

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

TABLE 60: NET INCOME PER COMMON SHARE


	THREE MONTHS ENDED MARCH 31,
($ In Millions Except Per Common Share Information)	2022		2021
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding	208,024,962		208,112,824
Net Income	$	389.3	$	375.1
Less: Dividends on Preferred Stock	16.2		16.2
Net Income Applicable to Common Stock	373.1		358.9
Less: Earnings Allocated to Participating Securities	3.1		3.7
Earnings Allocated to Common Shares Outstanding	370.0		355.2
Basic Net Income Per Common Share	$	1.78	$	1.71
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding	208,024,962		208,112,824
Plus: Dilutive Effect of Share-based Compensation	784,171		833,624
Average Common and Potential Common Shares	208,809,133		208,946,448
Earnings Allocated to Common and Potential Common Shares	$	370.0	$	355.2
Diluted Net Income Per Common Share	1.77		1.70

Note: For the three months ended March 31, 2022 and 2021, there were no common stock equivalents excluded in the computation of diluted net income per share.