XML 141 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income Per Common Share
 12 Months Ended
Dec. 31, 2013
Net Income Per Common Share

Note 16 – Net Income Per Common Share

 

The computations of net income per common share are presented below.

 

($ In Millions Except Per Common Share Information)    2013        2012        2011  

BASIC NET INCOME PER COMMON SHARE

                               

Average Number of Common Shares Outstanding

      239,265,313           240,417,805           241,401,310   

Net Income Applicable to Common Stock

    $ 731.3         $ 687.3         $ 603.6   

Less: Earnings Allocated to Participating Securities

      11.9           10.0           7.1   
                                

Earnings Allocated to Common Shares Outstanding

      719.4           677.3           596.5   

Basic Net Income Per Common Share

      3.01           2.82           2.47   
                                

DILUTED NET INCOME PER COMMON SHARE

                               

Average Number of Common Shares Outstanding

      239,265,313           240,417,805           241,401,310   

Plus Dilutive Effect of Share-based Compensation

      1,289,527           463,439           410,074   
                                

Average Common and Potential Common Shares

      240,554,840           240,881,244           241,811,384   
                                

Earnings Allocated to Common and Potential Common Shares

    $ 719.5         $ 677.3         $ 596.5   

Diluted Net Income Per Common Share

      2.99           2.81           2.47   

 

Note: Common stock equivalents totaling 3,498,894, 12,158,601, and 13,240,787 for the years ended December 31, 2013, 2012, and 2011, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.