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Net Income Per Common Share Computations
9 Months Ended
Sep. 30, 2012
Net Income Per Common Share Computations

11. Net Income Per Common Share Computations – The computations of net income per common share are presented in the following table.

 

     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  

($ In Millions Except per Common Share Information)

   2012      2011      2012      2011  

Basic Net Income Per Common Share

           

Average Number of Common Shares Outstanding

     240,237,014         240,991,491         240,740,803         241,529,793   

Net Income Applicable to Common Stock

   $ 178.8       $ 170.4       $ 519.6       $ 473.4   

Less: Earnings Allocated to Participating Securities

     2.8         2.0         7.6         5.5   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Allocated to Common Shares Outstanding

   $ 176.0       $ 168.4       $ 512.0       $ 467.9   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic Net Income Per Common Share

     0.73         0.70         2.13         1.94   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted Net Income Per Common Share

           

Average Number of Common Shares Outstanding

     240,237,014         240,991,491         240,740,803         241,529,793   

Plus Dilutive Effect of Share-based Compensation

     460,048         202,502         464,383         488,957   
  

 

 

    

 

 

    

 

 

    

 

 

 

Average Common and Potential Common Shares

     240,697,062         241,193,993         241,205,186         242,018,750   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Allocated to Common and Potential Common Shares

   $ 176.0       $ 168.4       $ 512.0       $ 467.9   

Diluted Net Income Per Common Share

     0.73         0.70         2.12         1.93   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

Note: Common stock equivalents totaling 11,890,286 and 12,412,541 for the three and nine months ended September 30, 2012, respectively, and 15,650,249 and 12,420,777 for the three and nine months ended September 30, 2011, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.