Earnings and Dividends Per Share

9 Months Ended

Oct. 02, 2011

Earnings and Dividends Per Share

Earnings and Dividends Per Share

16. Earnings and Dividends Per Share

	Three months ended				Nine months ended
	October 2,		September 26,		October 2,		September 26,
($ in millions, except per share amounts)	2011		2010		2011		2010
Net earnings attributable to Ball Corporation	$	132.1	$	227.5	$	366.5	$	375.8
Basic weighted average common shares (a)	163,898		179,264		166,779		183,146
Effect of dilutive securities (a)	3,465		2,894		3,469		2,648
Weighted average shares applicable to diluted earnings per share (a)	167,363		182,158		170,248		185,794
Per basic share (a)	$	0.81	$	1.27	$	2.20	$	2.05
Per diluted share (a)	$	0.79	$	1.25	$	2.15	$	2.02

(a)Amounts in 2010 have been retrospectively adjusted for the two-for-one stock split that was effective on February 15, 2011.

Certain outstanding options were excluded from the diluted earnings per share calculation because they were anti-dilutive (i.e., the sum of the proceeds, including the unrecognized compensation and windfall tax benefits, exceeded the average closing stock price for the period). The options excluded totaled 1,362,260 in both the three and nine months ended October 2, 2011, and 1,975,260 and 1,879,900 in the three and nine months ended September 26, 2010, respectively.

The company declared and paid dividends of $0.07 per share in each of the first three quarters of 2011 and $0.05 per share in each of the first three quarters of 2010.