Earnings Per Common Share

9 Months Ended

Sep. 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 nine months ended
	September 30,				September 30,
	2020		2019		2020		2019
	(in millions, except per share data)
Net income	$	235.9	$	284.6	$	937.0	$	1,128.8
Subtract:
Net income (loss) attributable to noncontrolling interest		(0.1)		7.5		13.8		35.5
Total	$	236.0	$	277.1	$	923.2	$	1,093.3
Weighted-average shares outstanding:
Basic		274.8		279.0		274.7		278.9
Dilutive effects:
Stock options		0.4		0.9		0.3		0.9
Restricted stock units		1.5		1.4		1.3		1.4
Performance share awards		0.1		0.1		0.1		0.1
Diluted		276.8		281.4		276.4		281.3
Net income per common share:
Basic	$	0.86	$	0.99	$	3.36	$	3.92
Diluted	$	0.85	$	0.98	$	3.34	$	3.89

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