XML 193 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income Per Common Share Computations
6 Months Ended
Jun. 30, 2013
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      Six Months Ended  
     June 30,      June 30,  

($ In Millions Except Per Common Share Information)

   2013      2012      2013      2012  

Basic Net Income Per Common Share

           

Average Number of Common Shares Outstanding

     239,738,592         240,900,839         239,454,653         240,995,466   

Net Income Applicable to Common Stock

   $ 191.1       $ 179.6       $ 355.1       $ 340.8   

Less: Earnings Allocated to Participating Securities

     3.2         2.7         5.6         4.8   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Allocated to Common Shares Outstanding

     187.9         176.9         349.5         336.0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic Net Income Per Common Share

     0.78         0.73         1.46         1.39   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted Net Income Per Common Share

           

Average Number of Common Shares Outstanding

     239,738,592         240,900,839         239,454,653         240,995,466   

Plus: Dilutive Effect of Share-based Compensation

     1,302,089         467,143         1,162,647         466,573   
  

 

 

    

 

 

    

 

 

    

 

 

 

Average Common and Potential Common Shares

     241,040,681         241,367,982         240,617,300         241,462,039   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Allocated to Common and Potential Common Shares

     187.9         176.9         349.5         336.0   

Diluted Net Income Per Common Share

   $ 0.78       $ 0.73       $ 1.45       $ 1.39   
  

 

 

    

 

 

    

 

 

    

 

 

 

Note: Common stock equivalents totaling 3,432,897 and 4,008,871 for the three and six months ended June 30, 2013, respectively, and 11,973,600 and 12,710,195 for the three and six months ended June 30, 2012, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.