Common Share Data

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Common Share Data

Common Share Data:

Earnings Per Share - Consolidated basic earnings per share excludes the dilutive effect of common stock equivalents and is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares actually outstanding for the quarterly and year-to-date periods. Diluted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. The following table provides a reconciliation of net income (loss) and the number of shares used in basic and diluted earnings per share calculations.

	Quarters Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020			2019
Numerator:
Basic and diluted earnings per share -
income (loss) available to common stockholders	$	397.7	$	165.5	$	(207.0	)	$	577.7
Denominator:
Basic earnings per share -
weighted-average shares (a)	297,523,559		299,418,182		298,915,853			299,341,472
Effect of dilutive securities - stock based
compensation awards	252,756		1,334,810		—			1,239,292
Diluted earnings per share -
adjusted weighted-average shares (a)	297,776,315		300,752,992		298,915,853			300,580,764
Earnings per share: Basic	$	1.34	$	.55	$	(.69	)	$	1.93
Diluted	$	1.34	$	.55	$	(.69	)	$	1.92
Anti-dilutive common stock equivalents
excluded from earnings per share computations:
Stock based compensation awards	8,065,611		1,163,250		9,570,275			3,268,875

__________

(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 common shares.