Net Income per Common Share

The computations of net income per common share are presented below.

TABLE 82: NET INCOME PER COMMON SHARE



	FOR THE YEAR ENDED DECEMBER 31,
($ In Millions Except Per Common Share Information)	2018		2017		2016
BASIC NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding	223,148,335		228,257,664		227,580,584
Net Income	$	1,556.4	$	1,199.0	$	1,032.5
Less: Dividends on Preferred Stock	46.4		49.8		23.4

Net Income Applicable to Common Stock	$	1,510.0	$	1,149.2	$	1,009.1
Less: Earnings Allocated to Participating Securities	20.1		18.8		18.7

Earnings Allocated to Common Shares Outstanding	1,489.9		1,130.4		990.4
Basic Net Income Per Common Share	6.68		4.95		4.35

DILUTED NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding	223,148,335		228,257,664		227,580,584
Plus Dilutive Effect of Share-based Compensation	1,339,991		1,396,737		1,570,822

Average Common and Potential Common Shares	224,488,326		229,654,401		229,151,406

Earnings Allocated to Common and Potential Common Shares	$	1,490.0	$	1,130.5	$	990.4
Diluted Net Income Per Common Share	6.64		4.92		4.32

Note: For the year ended December 31, 2018, there were no common stock equivalents excluded in the computation of diluted net income per share. Common stock equivalents of 115,491, and 1,108,067 for the years ended December 31, 2017 and 2016, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.