Earnings Per Common Share

12 Months Ended

Dec. 31, 2020

Earnings Per Common Share

Earnings Per Common Share

19. Earnings Per Common Share

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

	For the year ended December 31,
	2020		2019		2018
	(in millions, except per share data)
Net income	$	1,428.5	$	1,444.1	$	1,553.7
Subtract:
Net income attributable to noncontrolling interest		32.7		49.9		7.2
Total	$	1,395.8	$	1,394.2	$	1,546.5
Weighted-average shares outstanding:
Basic		274.7		278.6		285.8
Dilutive effects:
Stock options		0.3		0.9		1.0
Restricted stock units		1.5		1.4		1.7
Performance share awards		0.1		0.1		0.3
Diluted		276.6		281.0		288.8
Net income per common share:
Basic	$	5.08	$	5.00	$	5.41
Diluted	$	5.05	$	4.96	$	5.36

The calculation of diluted earnings per share for the years ended December 31, 2020, 2019 and 2018, excludes the incremental effect related to certain outstanding stock-based compensation grants due to their anti-dilutive effect.