RECONCILIATION OF WEIGHTED AVERAGE SHARES OUTSTANDING

12 Months Ended

Dec. 31, 2015

RECONCILIATION OF WEIGHTED AVERAGE SHARES OUTSTANDING

NOTE 3 RECONCILIATION OF WEIGHTED AVERAGE SHARES OUTSTANDING

Below is a reconciliation of basic to diluted shares outstanding:

		2015	2014	2013
Basic		200.1	210.7	219.4
Dilutive effect of shares issuable under stock-based compensation plans		3.3	4.0	4.1
Diluted		203.4	214.7	223.5
	Antidilutive options to purchase common shares and restricted stock as well as contingently issuable restricted stock which are excluded from the table above	0.7	0.7	4.0

The calculation of diluted EPS requires certain assumptions regarding the use of both cash proceeds and assumed proceeds that would be received upon the exercise of stock options and vesting of restricted stock outstanding as of December 31,2015, 2014 and 2013. These assumed proceeds include Excess Tax Benefits and any unrecognized compensation on the awards.

The decrease in the diluted shares outstanding primarily reflects treasury share repurchases under the Company’s Board authorized share repurchase program.