Net Income Per Common Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Net Income Per Common Share

Net Income Per Common Share

Basic earnings per share are computed based on the weighted average number of common shares outstanding. Diluted earnings per share are computed based on the weighted average number of common and dilutive potential common shares outstanding using the treasury stock method. The table shows calculations for basic and diluted earnings per share:

(In millions except per share data)	Years ended December 31,
	2013		2012		2011
Numerator:
Net income—basic and diluted	$	517	$	421	$	164
Denominator:
Basic weighted-average common shares outstanding	163.5		162.5		162.7
Effect of stock-based awards:
Stock options	1.2		0.5		0.1
Nonvested shares	0.7		0.7		0.5
Adjusted diluted weighted-average shares	165.4		163.7		163.3
Earnings per share:
Basic	$	3.16	$	2.59	$	1.01
Diluted	3.12		2.57		1.01
Number of anti-dilutive stock-based awards	0.4		5.9		7.8

The current sources of dilution of our common shares are certain equity-based awards as discussed in Note 17 Stock-Based Associate Compensation Plans. The above table includes the number of anti-dilutive stock-based awards at year-end 2013, 2012 and 2011. We did not include these stock-based awards in the computation of net income per common share (diluted) because their exercise would have anti-dilutive effects.