Net Income Per Common Share

12 Months Ended

Dec. 31, 2011

Net Income Per Common Share

Note 16 – Net Income Per Common Share

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

(In Millions Except Share Information)	2011		2010		2009
BASIC NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding		241,401,310		242,028,776		235,511,879
Net Income	$	603.6	$	669.5	$	864.2
Less: Dividends on Preferred Stock		–		–		(111.1	)
Net Income Applicable to Common Stock	$	603.6	$	669.5		753.1
Less: Earnings Allocated to Participating Securities		7.1		5.6		5.3
Earnings Allocated to Common Shares Outstanding		596.5		663.9		747.8
Basic Net Income Per Common Share		2.47		2.74		3.18
DILUTED NET INCOME PER COMMON SHARE
Average Number of Common Shares Outstanding		241,401,310		242,028,776		235,511,879
Plus Stock Option Dilution		410,074		473,755		904,150
Average Common and Potential Common Shares		241,811,384		242,502,531		236,416,029
Earnings Allocated to Common and Potential Common Shares	$	596.5	$	663.9	$	747.8
Diluted Net Income Per Common Share		2.47		2.74		3.16

Note: Common stock equivalents totaling 13,240,787, 8,392,686, and 7,146,701 for the years ended December 31, 2011, 2010, and 2009, respectively, were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive.