Net Income Per Common Share Computations (Tables)

6 Months Ended

Jun. 30, 2016

Computations of Net Income per Common Share

The computations of net income per common share are presented in the following table.

Table 55: Net Income per Common Share



	Three Months Ended June 30,				Six Months Ended June 30,
($ In Millions Except Per Common Share Information)	2016		2015		2016		2015
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding	227,535,701		233,149,020		228,077,395		233,264,453
Net Income	$	260.7	$	269.2	$	502.5	$	499.9
Less: Dividends on Preferred Stock	5.8		5.8		11.7		11.7
Net Income Applicable to Common Stock	254.9		263.4		490.8		488.2
Less: Earnings Allocated to Participating Securities	4.7		4.1		8.8		7.8
Earnings Allocated to Common Shares Outstanding	250.2		259.3		482.0		480.4
Basic Net Income Per Common Share	$	1.10	$	1.11	$	2.11	$	2.06
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding	227,535,701		233,149,020		228,077,395		233,264,453
Plus: Dilutive Effect of Share-based Compensation	1,661,312		2,083,815		1,510,957		1,996,158
Average Common and Potential Common Shares	229,197,013		235,232,835		229,588,352		235,260,611
Earnings Allocated to Common and Potential Common Shares	$	250.1	$	259.3	$	482.0	$	480.4
Diluted Net Income Per Common Share	1.09		1.10		2.10		2.04

Note: Common stock equivalents of 331,233 and 1,557,641 for the three and six months ended June 30, 2016, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive. For the three months ended June 30, 2015, there were no common stock equivalents excluded in the computation of diluted net income per common share. Common stock equivalents of 748,268 for the six months June 30, 2015, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.