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Common Share Data (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share
The following table provides a reconciliation of net income and the number of shares used in basic and diluted earnings per share calculations.
 
Quarters Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Net income
$
110.9

 
$
125.9

 
$
335.0

 
$
331.4

Numerator for basic earnings per share -
 
 
 
 
 
 
 
income available to common stockholders
110.9

 
125.9

 
335.0

 
331.4

Adjustment for interest expense incurred on
 
 
 
 
 
 
 
assumed conversion of convertible notes
3.6

 
3.6

 
10.9

 
10.9

Numerator for diluted earnings per share -
 
 
 
 
 
 
 
income available to common stockholders
 
 
 
 
 
 
 
after assumed conversion of convertible notes
$
114.6

 
$
129.6

 
$
345.9

 
$
342.4

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share -
 
 
 
 
 
 
 
weighted-average shares (a)
259,414,230

 
259,266,696

 
259,227,605

 
259,411,347

Effect of dilutive securities - stock based
 
 
 
 
 
 
 
   compensation awards
1,328,657

 
989,911

 
1,287,205

 
930,917

Effect of dilutive securities - convertible senior notes
35,701,545

 
35,611,510

 
35,678,280

 
35,588,263

Denominator for diluted earnings per share -
 
 
 
 
 
 
 
adjusted weighted-average shares
 
 
 
 
 
 
 
and assumed conversion of convertible notes (a)
296,444,432

 
295,868,117

 
296,193,090

 
295,930,527

Earnings per share: Basic
$
.43

 
$
.48

 
$
1.29

 
$
1.28

Diluted
$
.39

 
$
.44

 
$
1.17

 
$
1.16

 
 
 
 
 
 
 
 
Anti-dilutive common stock equivalents
 
 
 
 
 
 
 
excluded from earning per share computations:
 
 
 
 
 
 
 
Stock based compensation awards
1,678,675

 
5,040,050

 
1,678,675

 
5,040,050

Convertible senior notes

 

 

 

Total
1,678,675

 
5,040,050

 
1,678,675

 
5,040,050

__________

(a) In calculating earnings per share, pertinent accounting rules require that common shares owned by the Company's Employee Savings and Stock Ownership Plan that are not yet allocated to participants in the plan be excluded from the calculation. Such shares are issued and outstanding and have the same voting and other rights applicable to all other common shares.