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Earnings Per Common Share Computation
 6 Months Ended
Jun. 30, 2013
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, 2013 and 2012:

 

     Three months ended June 30,      Six months ended June 30,  
     2013      2012      2013      2012  
    

(dollars in millions except per common share results,

number of shares in thousands)

  

Net income available for common stockholders

    $ 420       $ 356       $ 893       $ 604   
  

 

 

     

 

 

     

 

 

     

 

 

  

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

      157,975         162,816         158,446         163,267   

Dilutive effect of:

            

Employee stock options

      349         572         367         727   

Restricted stock

      1,197         1,251         1,149         1,369   
  

 

 

     

 

 

     

 

 

     

 

 

  

Shares used to compute diluted earnings per common share

      159,521         164,639         159,962         165,363   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per common share

    $ 2.66       $ 2.19       $ 5.64       $ 3.70   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per common share

    $ 2.63       $ 2.16       $ 5.58       $ 3.65   
  

 

 

     

 

 

     

 

 

     

 

 

  

Number of antidilutive stock options and restricted stock excluded from computation

      847         562         1,265         819