Earnings Per Common Share

6 Months Ended

Jun. 30, 2020

Earnings Per Common Share

Earnings Per Common Share

15. Earnings Per Common Share

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

	For the three months ended				For the six months ended
	June 30,				June 30,
	2020		2019		2020		2019
	(in millions, except per share data)
Net income	$	416.1	$	392.1	$	701.1	$	844.2
Subtract:
Net income attributable to noncontrolling interest		17.8		5.8		13.9		28.0
Total	$	398.3	$	386.3	$	687.2	$	816.2
Weighted-average shares outstanding:
Basic		274.3		279.0		274.6		278.8
Dilutive effects:
Stock options		0.1		0.9		0.3		0.9
Restricted stock units		1.1		1.2		1.4		1.3
Performance share awards		0.1		0.1		0.1		0.2
Diluted		275.6		281.2		276.4		281.2
Net income per common share:
Basic	$	1.45	$	1.38	$	2.50	$	2.93
Diluted	$	1.45	$	1.37	$	2.49	$	2.90

The calculation of diluted earnings per share for the three and six months ended June 30, 2020 and 2019, excludes the incremental effect related to certain outstanding stock-based compensation grants due to their anti-dilutive effect.