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Earnings Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
5.

Earnings Per Share

Basic and diluted earnings per share were computed using the following common share data (shares in millions):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
         2017              2016              2017              2016      

Number of common shares outstanding at end of period

     439.7        441.7        439.7        441.7  

Effect of using weighted average common shares outstanding

     2.2        2.3        1.9        3.3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average basic common shares outstanding

     441.9        444.0        441.6        445.0  

Dilutive effect of equity-based compensation awards and other contingently issuable shares(a)

     2.5        2.7        2.8        2.5  
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average diluted common shares outstanding

     444.4        446.7        444.4        447.5  
  

 

 

    

 

 

    

 

 

    

 

 

 

Potentially issuable shares

     8.4        10.1        8.4        10.1  

Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding

     2.3        0.5        2.3        0.8  

 

(a)

As of January 1, 2017, we adopted ASU 2016-09 prospectively and no longer include excess tax benefits as assumed proceeds. See Note 1 for further discussion.