EX-11 2 v217903_ex11.htm
 
Exhibit 11
 
Statements Re: Computation of Per Share Earnings
 
(Dollars in millions except share data)
 
Three months ended March 31,
 
   
2011
   
2010
 
Numerator:                 
Net income —basic and diluted
  $ 62     $ 68  
                 
Denominator:
               
Weighted-average common shares outstanding
    162,940,199       162,875,008  
Effect of stock based awards
    729,799       435,443  
Adjusted weighted-average shares
    163,669,998       163,310,451  
                 
Earnings per share:
               
Basic
  $ 0.38     $ 0.42  
Diluted
    0.38       0.42  
                 
Number of anti-dilutive stock based awards
    6,918,831       9,788,923  
Exercise price of anti-dilutive stock based awards
  $ 29.20-45.26     $ 26.58-45.26  
 
Certain stock-based compensation awards were not included in the computation of diluted earnings per share for the three-month period ended March 31, 2011 and 2010, since inclusion of these awards would have anti-dilutive effects.