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Recently Issued Accounting Standards (Tables)
9 Months Ended
Sep. 30, 2016
Schedule of Diluted Weighted Average Number of Common Shares Outstanding

ASU 2016-09 also requires excess tax benefits to be prospectively excluded from assumed future proceeds in the calculation of diluted shares.  As a result of the above changes it resulted in an increase in the Company’s diluted weighted average number of common shares outstanding as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2016

 

Increase in diluted weighted average number of common

   shares outstanding

 

 

377,130

 

 

 

370,090

 

 

Accounting Standards Update 2016-09 [Member]  
Schedule of Recognition of Excess Tax Benefits in Provision for Income Taxes

The adoption resulted in the recognition of excess tax benefits in our provision for income taxes rather than in additional paid-in capital, as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In millions)

 

2016

 

 

2016

 

Excess tax benefit

 

$

1.8

 

 

$

12.4

 

 

Schedule of Changes in Earnings Per Share Basic and Diluted Effect of New Accounting Adoption

The changes resulted in an increase in basic and diluted EPS as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2016

 

Basic EPS prior to adoption of ASU 2016-09

 

$

0.83

 

 

$

1.54

 

Basic EPS upon adoption of ASU 2016-09

 

$

0.84

 

 

$

1.60

 

 

 

 

 

 

 

 

 

 

Diluted EPS prior to adoption of ASU 2016-09

 

$

0.82

 

 

$

1.53

 

Diluted EPS upon adoption of ASU 2016-09

 

$

0.83

 

 

$

1.59

 

 

Schedule of Impact on Consolidated Statement of Cash Flows

The retrospective impact on the Consolidated Statement of Cash Flows was as follows:

 

 

 

Nine Months Ended

 

 

Year Ended

 

 

 

September 30,

 

 

December 31,

 

(In millions)

 

2016

 

 

2015

 

Net Cash provided by Operating Activities prior to adoption of

   ASU 2016-09

 

$

463.7

 

 

$

967.7

 

Net Cash provided by Operating Activities upon adoption of

   ASU 2016-09

 

$

470.5

 

 

$

980.8

 

 

 

 

 

 

 

 

 

 

Net Cash used in Financing Activities prior to adoption of

   ASU 2016-09

 

$

(242.7

)

 

$

(775.3

)

Net Cash used in Financing Activities upon adoption of

   ASU 2016-09

 

$

(249.5

)

 

$

(788.4

)