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Net Income Per Common Share Computations (Tables)
6 Months Ended
Jun. 30, 2014
Computations of Net Income per Common Share

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

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 

($ In Millions Except Per Common Share Information)

   2014      2013      2014      2013  

Basic Net Income Per Common Share

           

Average Number of Common Shares Outstanding

     236,012,703         239,738,592         236,607,125         239,454,653   

Net Income Applicable to Common Stock

   $ 181.9       $ 191.1       $ 363.3       $ 355.1   

Less: Earnings Allocated to Participating Securities

     3.1         3.2         6.0         5.6   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Allocated to Common Shares Outstanding

     178.8         187.9         357.3         349.5   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic Net Income Per Common Share

     0.76         0.78         1.51         1.46   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted Net Income Per Common Share

           

Average Number of Common Shares Outstanding

     236,012,703         239,738,592         236,607,125         239,454,653   

Plus: Dilutive Effect of Share-based Compensation

     1,740,976         1,302,089         1,791,489         1,162,647   
  

 

 

    

 

 

    

 

 

    

 

 

 

Average Common and Potential Common Shares

     237,753,679         241,040,681         238,398,614         240,617,300   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings Allocated to Common and Potential Common Shares

   $ 178.8       $ 187.9       $ 357.3       $ 349.5   

Diluted Net Income Per Common Share

     0.75         0.78         1.50         1.45