The following illustrates the earnings allocation method utilized in the calculation of basic and diluted EPS. | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2011 | | 2010 | | 2011 | | 2010 | | (In millions, except per share amounts) | EPS numerator: | | | | | | | | Income from continuing operations, net of income taxes | $ | 283.5 |
| | $ | 237.6 |
| | $ | 756.1 |
| | $ | 589.4 |
| Less: Net income attributable to noncontrolling interests | 7.4 |
| | 12.2 |
| | 17.0 |
| | 23.2 |
| Income from continuing operations attributable to common stockholders, before allocation of earnings to participating securities | 276.1 |
| | 225.4 |
| | 739.1 |
| | 566.2 |
| Less: Earnings allocated to participating securities | (1.6 | ) | | (1.7 | ) | | (4.2 | ) | | (4.1 | ) | Income from continuing operations attributable to common stockholders, after earnings allocated to participating securities (1) | 274.5 |
| | 223.7 |
| | 734.9 |
| | 562.1 |
| Loss from discontinued operations, net of income taxes | (2.0 | ) | | (1.3 | ) | | (3.7 | ) | | (2.2 | ) | Net income attributable to common stockholders, after earnings allocated to participating securities (1) | $ | 272.5 |
| | $ | 222.4 |
| | $ | 731.2 |
| | $ | 559.9 |
| | | | | | | | | EPS denominator: | | | | | | | | Weighted average shares outstanding — basic | 269.2 |
| | 267.1 |
| | 269.0 |
| | 266.7 |
| Impact of dilutive securities | 1.4 |
| | 1.5 |
| | 1.5 |
| | 1.7 |
| Weighted average shares outstanding — diluted | 270.6 |
| | 268.6 |
| | 270.5 |
| | 268.4 |
| | | | | | | | | Basic EPS attributable to common stockholders: | | | | | | | | Income from continuing operations | $ | 1.02 |
| | $ | 0.84 |
| | $ | 2.73 |
| | $ | 2.11 |
| Loss from discontinued operations | (0.01 | ) | | — |
| | (0.01 | ) | | (0.01 | ) | Net income | $ | 1.01 |
| | $ | 0.84 |
| | $ | 2.72 |
| | $ | 2.10 |
| | | | | | | | | Diluted EPS attributable to common stockholders: | | | | | | | | Income from continuing operations | $ | 1.01 |
| | $ | 0.83 |
| | $ | 2.72 |
| | $ | 2.09 |
| Loss from discontinued operations | (0.01 | ) | | — |
| | (0.01 | ) | | (0.01 | ) | Net income | $ | 1.00 |
| | $ | 0.83 |
| | $ | 2.71 |
| | $ | 2.08 |
|
| | (1) | The reallocation adjustment for participating securities to arrive at the numerator used to calculate diluted EPS was less than $0.1 million for the periods presented |
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