NET INCOME PER SHARE

3 Months Ended

Jun. 30, 2011

NET INCOME PER SHARE

NET INCOME PER SHARE

(15) NET INCOME PER SHARE

The following table summarizes the computations of basic earnings per share ("Basic EPS") and diluted earnings per share ("Diluted EPS"). Basic EPS is computed as net income divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock-based compensation plans including stock options, restricted stock, restricted stock units, and common stock through the ESPP using the treasury stock method.

		Three Months Ended
			June 30,
(In millions, except per share data)		2011		2010
Net income	$	221	$		96
Shares used to compute net income per share:
Weighted-average common stock outstanding - basic		331			328
Dilutive potential common shares		6			4
Weighted-average common stock outstanding - diluted		337			332
Net income per share:
Basic	$	0.67	$		0.29
Diluted	$	0.66	$		0.29

Options to purchase restricted stock units and restricted stock to be released in the amount of 12 million shares and 20 million shares of common stock were excluded from the computation of diluted shares for the three months ended June 30, 2011 and 2010, respectively, as their inclusion would have had an antidilutive effect. For the three months ended June 30, 2011 and 2010, the weighted-average exercise prices of these shares were $29.95 and $23.01 per share, respectively.