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EARNINGS PER COMMON SHARE COMPUTATION
 6 Months Ended
Jun. 30, 2012
EARNINGS PER COMMON SHARE COMPUTATION

8. EARNINGS PER COMMON SHARE COMPUTATION

Detail supporting the computation of basic and diluted earnings per common share was as follows for the three and six months ended June 30, 2012 and 2011:

 

     Three months ended
June 30,		      Six months ended
June 30,		  
     2012      2011      2012      2011  
     (dollars in millions except per common share results,
number of shares in thousands)		  

Net income available for common stockholders

    $ 356       $ 460       $ 604       $ 775   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average outstanding shares of common stock used to compute basic earnings per common share

      162,816         167,021         163,267         167,146   

Dilutive effect of:

            

Employee stock options

      572         1,073         727         996   

Restricted stock

      1,251         1,466         1,369         1,405   
  

 

 

     

 

 

     

 

 

     

 

 

  

Shares used to compute diluted earnings per common share

      164,639         169,560         165,363         169,547   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per common share

    $ 2.19       $ 2.76       $ 3.70       $ 4.64   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per common share

    $ 2.16       $ 2.71       $ 3.65       $ 4.57   
  

 

 

     

 

 

     

 

 

     

 

 

  

Number of antidilutive stock options and restricted stock excluded from computation

      562         139         819         1,441