EX-11 3 l27270aexv11.htm EX-11 EX-11
 

Exhibit 11
Statements Re: Computation Of Per Share Earnings
                                 
    Three months ended June 30,     Six months ended June 30,  
(Dollars in millions except per share data)   2007     2006     2007     2006  
 
Numerator:
                               
Net income—basic and diluted
  $ 351     $ 132     $ 545     $ 684  
 
                       
 
                               
Denominator:
                               
Weighted-average common shares outstanding
    171,712,547       173,275,927       172,178,180       173,724,517  
Effect of stock options and nonvested shares
    1,711,025       1,746,440       1,693,432       1,890,500  
 
                       
Adjusted weighted-average shares
    173,423,572       175,022,367       173,871,612       175,615,017  
 
                       
 
                               
Earnings per share:
                               
Basic
  $ 2.04     $ 0.77     $ 3.16     $ 3.94  
Diluted
    2.02       0.76       3.13       3.90  
Anti -Dilutive Securities
Certain option shares were not included in the computation of diluted earnings per share for the six-month period ended June 30, 2007, since inclusion of these option shares would have anti-dilutive effects.
                                 
    Three months ended June 30,     Six months ended June 30,  
    2007     2006     2007     2006  
 
Number of anti-dilutive nonvested shares
                199,100        
Number of anti-dilutive option shares
    1,889,148       2,800,589       1,889,148       2,800,589  
Exercise price range of anti-dilutive option shares
  $ 44.79-45.26     $ 41.62-45.26     $ 44.79-45.26     $ 41.62-45.26