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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Common Share  
Earnings Per Common Share

12. Earnings Per Common Share

 

The computations of the basic and diluted per share amounts were as follows:  

 

 

 

For the three months ended March 31,

 

 

 

2014

 

2013

 

 

 

(in millions, except per share data)

 

Net income

 

$

324.1

 

$

190.0

 

Subtract:

 

 

 

 

 

Net income attributable to noncontrolling interest

 

22.2

 

3.5

 

Preferred stock dividends

 

8.2

 

8.2

 

Adjustments to redemption amounts of redeemable noncontrolling interests

 

9.7

 

—

 

Total

 

$

284.0

 

$

178.3

 

Weighted-average shares outstanding:

 

 

 

 

 

Basic

 

295.8

 

294.1

 

Dilutive effects:

 

 

 

 

 

Stock options

 

1.6

 

1.1

 

Restricted stock units

 

1.8

 

1.7

 

Performance share awards

 

0.3

 

0.2

 

Diluted

 

299.5

 

297.1

 

Net income per common share:

 

 

 

 

 

Basic

 

$

0.96

 

$

0.61

 

Diluted

 

$

0.95

 

$

0.61

 

 

The calculation of diluted earnings per share for the three months ended March 31, 2014 and 2013, excludes the incremental effect related to certain outstanding stock-based compensation grants due to their anti-dilutive effect.