Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Net Income per Common Share

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

TABLE 64: NET INCOME PER COMMON SHARE

	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
($ In Millions Except Per Common Share Information)	2022		2021		2022		2021
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding	208,400,135		208,116,009		208,271,070		208,199,352
Net Income	$	394.8	$	395.7	$	1,180.3	$	1,138.9
Less: Dividends on Preferred Stock	16.2		16.2		37.1		37.1
Net Income Applicable to Common Stock	378.6		379.5		1,143.2		1,101.8
Less: Earnings Allocated to Participating Securities	3.2		3.0		9.5		9.9
Earnings Allocated to Common Shares Outstanding	375.4		376.5		1,133.7		1,091.9
Basic Net Income Per Common Share	$	1.80	$	1.81	$	5.44	$	5.24
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding	208,400,135		208,116,009		208,271,070		208,199,352
Plus: Dilutive Effect of Share-based Compensation	488,437		807,297		587,906		803,178
Average Common and Potential Common Shares	208,888,572		208,923,306		208,858,976		209,002,530
Earnings Allocated to Common and Potential Common Shares	$	375.4	$	376.5	$	1,133.7	$	1,091.9
Diluted Net Income Per Common Share	1.80		1.80		5.43		5.22

Note:    For the three and nine months ended September 30, 2022 and 2021, there were no common stock equivalents excluded in the computation of diluted net income per share.