Earnings Per Common Share

9 Months Ended

Sep. 30, 2015

Earnings Per Common Share

Earnings Per Common Share

13. Earnings Per Common Share

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

	For the three months ended				For the nine months ended
	September 30,				September 30,
	2015		2014		2015		2014
	(in millions, except per share data)
Net income	$	300.9	$	252.8	$	994.9	$	896.1
Subtract:
Net income attributable to noncontrolling interest	0.5		3.9		14.5		30.7
Preferred stock dividends	—		8.2		16.5		24.7
Excess of redemption value over carrying value of preferred shares redeemed	—		—		8.2		—
Adjustments to redemption amounts of redeemable noncontrolling interests	—		10.3		—		19.7
Total	$	300.4	$	230.4	$	955.7	$	821.0
Weighted-average shares outstanding:
Basic	295.0		294.2		295.0		294.9
Dilutive effects:
Stock options	1.6		1.8		1.6		1.7
Restricted stock units	1.6		1.8		1.6		1.7
Performance share awards	0.3		0.4		0.3		0.4
Diluted	298.5		298.2		298.5		298.7
Net income per common share:
Basic	$	1.02	$	0.78	$	3.24	$	2.78
Diluted	$	1.01	$	0.77	$	3.20	$	2.75

The calculation of diluted earnings per share for the three and nine months ended September 30, 2015 and 2014, excludes the incremental effect related to certain outstanding stock-based compensation grants due to their anti-dilutive effect.