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Capital Stock
6 Months Ended
Jun. 30, 2013
Notes to Financial Statements [Abstract]  
Capital stock

Note 6Shares used to calculate earnings per share

 

   Three Months Six Months  
   Ended June 30, Ended June 30, 
 (In millions)2013 2012 2013 2012 
           
 Weighted-average shares:        
  Basic (a) 48.6  48.5  48.6  48.3 
  Effect of dilutive stock options and awards 0.3  0.1  0.3  0.2 
  Diluted 48.9  48.6  48.9  48.5 
           
 Antidilutive stock options and awards excluded from denominator 1.9  2.6  1.9  2.6 

  • We have deferred compensation plans for directors and certain of our employees. Amounts owed to participants are denominated in common stock units. Each unit represents one share of common stock. The number of shares used to calculate basic earnings per share includes the weighted-average units credited to employees and directors under the deferred compensation plans. Additionally, non-participating nonvested units are also included in the computation of basic weighted average shares when the requisite service period has been completed. Accordingly, included in basic shares are weighted-average units of 0.6 million in the three months and 0.6 million in the six months ended June 30, 2013, and 1.1 million in the three months and 1.2 million in the six months ended June 30, 2012.