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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Schedule Of Calculation Of Basic And Diluted Earnings Per Share
The calculation of basic and diluted earnings per share is as follows (in millions, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Numerator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Income from continuing operations
$
149.1

 
$
116.6

 
$
201.2

 
$
180.4

Income (loss) from discontinued operations
1.5

 
(6.8
)
 
2.3

 
(16.4
)
Net income
$
150.6

 
$
109.8

 
$
203.5

 
$
164.0

Dividends and equivalents for share-based awards expected to be forfeited

 

 

 

Net income for basic and diluted earnings per share
$
150.6

 
$
109.8

 
$
203.5

 
$
164.0

Denominator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Weighted-average shares outstanding
275.4

 
288.3

 
277.1

 
287.8

Share-based payment awards classified as participating securities
2.0

 
2.6

 
2.0

 
2.6

Denominator for basic earnings per share
277.4

 
290.9

 
279.1

 
290.4

Dilutive securities (1)
2.3

 
3.4

 
2.6

 
3.3

Denominator for diluted earnings per share
279.7

 
294.3

 
281.7

 
293.7

Basic earnings per share:
 
 
 
 
 
 
 
Income from continuing operations
$
0.54

 
$
0.40

 
$
0.72

 
$
0.62

Income (loss) from discontinued operations
$
0.01

 
$
(0.02
)
 
$
0.01

 
$
(0.06
)
Net income
$
0.54

 
$
0.38

 
$
0.73

 
$
0.56

Diluted earnings per share:
 
 
 
 
 
 
 
Income from continuing operations
$
0.53

 
$
0.40

 
$
0.71

 
$
0.61

Income (loss) from discontinued operations
$
0.01

 
$
(0.02
)
 
$
0.01

 
$
(0.06
)
Net income
$
0.54

 
$
0.37

 
$
0.72

 
$
0.56


(1)
Dilutive securities include “in the money” options, non-participating restricted stock units and performance stock units. The weighted-average shares outstanding exclude the effect of 0.8 million and 2.2 million stock options for the three months ended June 30, 2014 and 2013, respectively, and 0.5 million and 2.9 million stock options for the six months ended June 30, 2014 and 2013, respectively, because such securities were anti-dilutive. The weighted-average shares outstanding for the three and six months ended June 30, 2014 also exclude the weighted-average effect of 0.6 million performance stock units outstanding because the securities were anti-dilutive.