Weighted Average Shares Outstanding

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE M – WEIGHTED AVERAGE SHARES OUTSTANDING

	Year Ended December 31,
(in millions)	2017	2016	2015
Weighted average shares outstanding - basic	1,370.1	1,357.6	1,341.2
Net effect of common stock equivalents	22.6	19.6	—
Weighted average shares outstanding - assuming dilution	1,392.7	1,377.2	1,341.2

Our weighted-average shares outstanding for earnings per share calculations excluded common stock equivalents of 21.5 million in 2015 as these shares were anti-dilutive.

The impact of stock options outstanding with exercise prices greater than the average fair market value of our common stock was immaterial for all periods presented.