EX-11 2 v199897_ex11.htm Unassociated Document
 
Exhibit 11
 
Statements Re: Computation Of Per Share Earnings
 
   
Three months ended September 30,
   
Nine months ended September 30,
 
(Dollars in millions except share data)
 
2010
   
2009
   
2010
   
2009
 
Numerator:
 
Net income —basic and diluted
  $ 156     $ 171     $ 251     $ 187  
                                 
Denominator:
                               
Weighted-average common shares outstanding
    162,668,815       162,627,624       162,788,805       162,556,962  
Effect of stock based awards
    506,867       273,772       462,823       237,805  
Adjusted weighted-average shares
    163,175,682       162,901,396       163,251,628       162,794,767  
                                 
Earnings per share:
                               
Basic
  $ 0.95     $ 1.05     $ 1.54     $ 1.15  
Diluted
    0.95       1.05       1.53       1.15  
                                 
Number of anti-dilutive stock based awards
    9,586,532       9,913,628       9,662,270       9,913,628  
Exercise price of anti-dilutive stock based awards
  $ 26.58-45.26     $ 25.08-45.26     $ 26.58-45.26     $ 25.08-45.26  
 
Certain stock-based compensation awards were not included in the computation of diluted earnings per share for the three- and nine-month periods ended September 30, 2010 and 2009, since inclusion of these awards would have anti-dilutive effects.