Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share

Component of income from continuing operations and share data used in basic and diluted earnings per share

	Three Months Ended June 30,						Six Months Ended June 30,
(inmillions except share and per share amounts)	2016			2015			2016			2015
Numerator:
Income from continuing operations	$	115.3		$	94.8		$	183.8		$	134.3
Less: dividends declared - common stock outstanding, restricted shares and restricted share units		(19.5)			(16.4)			(39.0)			(33.1)
Undistributed earnings		95.8			78.4			144.8			101.2
Percent allocated to common shareholders (1)		99.3	%		99.5	%		99.3	%		99.5	%
		95.1			78.0			143.8			100.7
Add: dividends declared - common stock		19.3			16.3			38.5			32.5
Numerator for basic and diluted EPS	$	114.4		$	94.3		$	182.3		$	133.2
Denominator (in thousands):
Denominator for basic EPS: weighted-average common shares outstanding		64,246			65,010			64,131			64,943
Effect of dilutive securities:
Performance awards		445			342			445			342
Stock options		421			666			474			648
Denominator for diluted EPS: adjusted weighted-average common shares outstanding and assumed conversion		65,112			66,018			65,050			65,933
Per share income from continuing operations:
Basic	$	1.78		$	1.45		$	2.84		$	2.05
Diluted	$	1.75		$	1.43		$	2.80		$	2.02
(1)Basic weighted-average common shares outstanding		64,246			65,010			64,131			64,943
Basic weighted-average common shares outstanding, unvested restricted shares expected to vest and restricted share units		64,703			65,344			64,587			65,276
Percent allocated to common shareholders		99.3	%		99.5	%		99.3	%		99.5	%

Component of income (loss) from discontinued operations and share data used in basic and diluted earnings per share

	Three Months Ended June 30,				Six Months Ended June 30,
(inmillions except share amounts presented in thousands)	2016		2015		2016		2015
Income (loss) from discontinued operations attributable to common shareholders for basic and diluted earnings per share	$	(0.1)	$	0.1	$	(0.1)	$	-
Net income attributable to common shareholders for basic and diluted earnings per share	$	114.3	$	94.4	$	182.2	$	133.2
Antidilutive stock options excluded from EPS calculation (1)		54		-		387		-

Represents stock options excluded from the calculation of diluted earnings per share as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.