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EARNINGS PER COMMON SHARE COMPUTATION
 9 Months Ended
Sep. 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 nine months ended September 30, 2012 and 2011:

 

     Three months ended
September 30,		      Nine months ended
September 30,		  
     2012      2011      2012      2011  
    

(dollars in millions except per common share results,

number of shares in thousands)

  

Net income available for common stockholders

    $ 426       $ 445       $ 1,030       $ 1,220   
  

 

 

     

 

 

     

 

 

     

 

 

  

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

      160,639         164,121         162,391         166,138   

Dilutive effect of:

            

Employee stock options

      431         895         629         962   

Restricted stock

      1,348         1,564         1,362         1,458   
  

 

 

     

 

 

     

 

 

     

 

 

  

Shares used to compute diluted earnings per common share

      162,418         166,580         164,382         168,558   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per common share

    $ 2.65       $ 2.71       $ 6.34       $ 7.34   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per common share

    $ 2.62       $ 2.67       $ 6.27       $ 7.24   
  

 

 

     

 

 

     

 

 

     

 

 

  

Number of antidilutive stock options and restricted stock excluded from computation

      758         168         799         1,017