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Net Income Per Common Share Computations (Tables)
3 Months Ended
Mar. 31, 2012
Computations of Net Income Per Common Share

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

 

     Three Months Ended March 31,  

($ In Millions Except Share Information)

   2012      2011  

Basic Net Income Per Common Share

     

Average Number of Common Shares Outstanding

     241,090,093         242,126,162   

Net Income

   $ 161.2       $ 151.0   
  

 

 

    

 

 

 

Net Income Applicable to Common Stock

     161.2         151.0   

Less: Earnings Allocated to Participating Securities

     2.1         1.7   
  

 

 

    

 

 

 

Earnings Allocated to Common Shares Outstanding

   $ 159.1       $ 149.3   
  

 

 

    

 

 

 

Basic Net Income Per Common Share

     0.66         0.62   
  

 

 

    

 

 

 

Diluted Net Income Per Common Share

     

Average Number of Common Shares Outstanding

     241,090,093         242,126,162   

Plus Dilutive Effect of Share-based Compensation

     466,003         843,467   
  

 

 

    

 

 

 

Average Common and Potential Common Shares

     241,556,096         242,969,629   
  

 

 

    

 

 

 

Earnings Allocated to Common and Potential Common Shares

   $ 160.0       $ 149.3   

Diluted Net Income Per Common Share

     0.66         0.61   

Note: Common stock equivalents totaling 15,013,663 and 8,922,540 for the three months ended March 31, 2012 and 2011, respectively, were not included in the computation of diluted net income per common share because their inclusion would have been antidilutive.