Per Share Data

6 Months Ended

Jun. 30, 2011

Per Share Data

Per Share Data

4.    Per Share Data

Under the accounting guidance which applies to the calculation of earnings per share ("EPS") for share-based payment awards with rights to dividends or dividend equivalents, unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and should be included in the computation of basic and dilutive EPS using the two-class method.

Basic net income per share attributable to the Company and income from continuing operations per share are calculated by dividing the respective after-tax income attributable to common shares by the weighted average number of outstanding shares of the Company's common stock.

Diluted net income per share attributable to the Company and income from continuing operations per share are calculated by dividing the respective after-tax income attributable to common shares by the weighted average number of outstanding shares of the Company's common stock, which have been adjusted for the dilutive effect of potentially issuable common shares (excluding those that are considered participating securities). The diluted earnings per share calculation reflects the more dilutive effect of either (a) the two-class method that assumes that the participating securities have not been exercised or (b) the treasury stock method. Reconciliation of the applicable income components used for diluted earnings per share and basic weighted average common shares outstanding to diluted weighted average common shares outstanding is presented below.

Basic EPS Calculation Continuing Operations	Three Months Ended June 30,					Six Months Ended June 30,
(In millions, except per share figures)	2011		2010			2011		2010
Net income (loss) from continuing operations		$   286	$	(29	)		$   605		$   245
Less: Net income attributable to non-controlling interests		7		6			13		10
Net income (loss) from continuing operations attributable to the Company		279		(35	)		592		235
Less: Portion attributable to participating securities		1		(1	)		4		4
Net income (loss) attributable to common shares for basic earnings per share		$   278	$	(34	)		$   588		$   231
Basic weighted average common shares outstanding		547		541			545		537

Basic EPS Calculation Net Income	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share figures)	2011		2010		2011		2010
Net income attributable to the Company		$   282		$   236		$   607		$   484
Less: Portion attributable to participating securities		2		3		4		8
Net income attributable to common shares for basic earnings per share		$   280		$   233		$   603		$   476
Basic weighted average common shares outstanding		547		541		545		537
Diluted EPS Calculation Continuing Operations	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share figures)	2011		2010		2011		2010
Net income (loss) from continuing operations		$   286		$  (29)		$   605		$   245
Less: Net income attributable to non-controlling interests		7		6		13		10
Net income (loss) from continuing operations attributable to the Company		279		(35)		592		235
Less: Portion attributable to participating securities		1		—		4		4
Net income (loss) attributable to common shares for diluted earnings per share		$   278		$  (35)		$   588		$   231
Basic weighted average common shares outstanding		547		541		545		537
Dilutive effect of potentially issuable common shares		8		—		9		4
Diluted weighted average common shares outstanding		555		541		554		541
Average stock price used to calculate common stock equivalents		$ 30.03		$ 23.16		$ 29.47		$ 23.00
Diluted EPS Calculation Net Income	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share figures)	2011		2010		2011		2010
Net income attributable to the Company		$   282		$   236		$   607		$   484
Less: Portion attributable to participating securities		2		3		4		8
Net income attributable to common shares for diluted earnings per share		$   280		$   233		$   603		$   476
Basic weighted average common shares outstanding		547		541		545		537
Dilutive effect of potentially issuable common shares		8		4		9		4
Diluted weighted average common shares outstanding		555		545		554		541
Average stock price used to calculate common stock equivalents		$ 30.03		$ 23.16		$ 29.47		$ 23.00

There were 41.4 million and 45.6 million stock options outstanding as of June 30, 2011 and 2010, respectively.