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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2011
Earnings Per Share 
Reconciliation of basic and diluted earnings per common share

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

In millions, except per share amounts

 

2011

 

2010

 

2011

 

2010

Numerators for earnings per common share calculations:

 

 

 

 

 

 

 

 

Income from continuing operations

 

$  867

 

$ 815

 

$ 2,389

 

$ 2,402

Net loss attributable to noncontrolling interest

 

1

 

1

 

3

 

2

Income from continuing operations attributable to CVS Caremark

 

868

 

816

 

2,392

 

2,404

Income (loss) from discontinued operations, net of tax

 

-

 

(7)   

 

5

 

(3)   

Net income attributable to CVS Caremark, basic and diluted

 

$  868

 

$ 809

 

$ 2,397

 

$ 2,401

 

 

 

 

 

 

 

 

 

Denominators for earnings per common share calculations:

 

 

 

 

 

 

 

 

Weighted average common shares, basic

 

1,332

 

1,360

 

1,350

 

1,368

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Stock options

 

6

 

6

 

5

 

7

Restricted stock units

 

2

 

2

 

1

 

3

Weighted average common shares, diluted

 

1,340

 

1,368

 

1,356

 

1,378

Basic earnings per common share:

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$  0.65

 

$ 0.60

 

$ 1.77

 

$ 1.76

Income (loss) from discontinued operations attributable to CVS Caremark

 

 

(0.01)   

 

0.01

 

(0.01)   

Net income attributable to CVS Caremark

 

$  0.65

 

$ 0.59

 

$ 1.78

 

$ 1.75

Diluted earnings per common share:

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$  0.65

 

$ 0.60

 

$ 1.76

 

$ 1.75

Income (loss) from discontinued operations attributable to CVS Caremark

 

¾

 

(0.01)   

 

0.01

 

(0.01)   

Net income attributable to CVS Caremark

 

$  0.65

 

$ 0.59

 

$ 1.77

 

$ 1.74