XML 44 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Component of income from continuing operations and share data used in basic and diluted earnings per share
Income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method follows:
Three Months Ended
March 31,
(in millions, except share and per share amounts)
20192018
Income from continuing operations$77.4 $57.9 
Less: dividends declared
(23.3)(23.1)
Undistributed earnings54.1 34.8 
Percent allocated to common shareholders1
99.7 %99.3 %
53.9 34.5 
Add: dividends declared on common stock, restricted share units and vested and deferred restricted and performance shares
23.2 22.8 
Income from continuing operations attributable to common shares$77.1 $57.3 
Shares (in thousands):
Basic weighted-average shares outstanding57,547 61,684 
Effect of dilutive securities:
Performance awards73 131 
Stock options250 349 
Diluted weighted-average shares outstanding
57,870 62,164 
Per share income from continuing operations attributable to common shares:
Basic$1.34 $0.93 
Diluted$1.33 $0.92 
1. Basic weighted-average common shares outstanding (in thousands)
57,547 61,684 
Basic weighted-average shares outstanding and unvested restricted shares expected to vest (in thousands)
57,735 62,117 
Percent allocated to common shareholders
99.7 %99.3 %
Component of income (loss) from discontinued operations and share data used in basic and diluted earnings per share
Three Months Ended
March 31,
(in millions, except share amounts presented in thousands)
20192018
Income from discontinued operations attributable to common shareholders for basic and diluted earnings per share
$2.0 $250.0 
Net income attributable to common shareholders for basic and diluted earnings per share
79.1 307.3 
Anti-dilutive stock options excluded from EPS calculation1
340 564 
1.Represents stock options excluded from the calculation of diluted earnings per share, as such options’ assumed proceeds upon exercise would result in the repurchase of more shares than the underlying award.