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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2013
Computation of Earnings Per Share

The computations of basic and diluted EPS are as follows (in millions, except per share data):

 

    Three months ended
September 30,
    Nine months ended
September 30,
 
    2013     2012     2013     2012  

Income from continuing operations

  $ 84.9      $ 98.4      $ 273.9      $ 276.6   

Loss from discontinued operations

    (0.1     (2.2     (1.7     (2.3
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income

  $ 84.8      $ 96.2      $ 272.2      $ 274.3   

Less: Preferred stock dividends

    —         (0.1     —         (0.3
 

 

 

   

 

 

   

 

 

   

 

 

 

Income attributable to common stockholders — basic

  $ 84.8      $ 96.1      $ 272.2      $ 274.0   
 

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding — basic

    162.5        158.6        161.6        157.9   

Dilutive effect of conversion of convertible preferred stock

    —         1.2        —         1.2   

Dilutive effect of exercise of stock-based awards

    1.3        1.6        1.3        1.5   
 

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding — diluted

    163.8        161.4        162.9        160.6   
 

 

 

   

 

 

   

 

 

   

 

 

 

Basic Earnings (Loss) Per Common Share

   

Continuing operations

  $ 0.52      $ 0.62      $ 1.69      $ 1.75   

Discontinued operations

    —         (0.01     (0.01     (0.01
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income

  $ 0.52      $ 0.61      $ 1.68      $ 1.74   
 

 

 

   

 

 

   

 

 

   

 

 

 

Diluted Earnings (Loss) Per Common Share

   

Continuing operations

  $ 0.52      $ 0.61      $ 1.68      $ 1.72   

Discontinued operations

    —         (0.01 )     (0.01     (0.01
 

 

 

   

 

 

   

 

 

   

 

 

 

Net income

  $ 0.52      $ 0.60      $ 1.67      $ 1.71   
 

 

 

   

 

 

   

 

 

   

 

 

 

Antidilutive shares excluded from weighted average number of common shares outstanding for diluted EPS

    1.8        4.2        2.3        5.2