Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2011

Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share

The calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share for the years ended December 31:

		2011			2010			2009
			Average	Per Share		Average	Per Share		Average	Per Share
(in millions, except per share data)		Income	Shares	Amount	Income	Shares	Amount	Income	Shares	Amount
Earnings per share:
Net income attributable to Bancorp	$	1,297			753			737
Dividends on preferred stock		203			250			226
Net income available to common shareholders		1,094			503			511
Less: Income allocated to participating securities		6			3			4
Net income allocated to common shareholders	$	1,088	906	1.20	500	791	0.63	507	696	0.73
Earnings per diluted share:
Net income available to common shareholders	$	1,094			503			511
Effect of dilutive securities:
Stock-based awards		-	6	-	-	5	-	-	2	-
Series G convertible preferred stock (a)		35	36	(0.02)	-	-	-	(21)	28	(0.06)
Warrants related to Series F preferred stock		-	2	-	-	3	-	-	-	-
Net income available to common shareholders		1,129			503			490
plus assumed conversions
Less: Income allocated to participating securities		6			3			4
Net income allocated to common shareholders
plus assumed conversions	$	1,123	950	1.18	500	799	0.63	486	726	0.67

• The additive effect to income from dividends on convertible preferred stock for the year ended December 31, 2009 included preferred dividends of $14 for Series G preferred shares, offset by a $35 reduction to preferred dividends due to the conversion of a portion of Series G preferred shares during the second quarter of 2009.