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Earnings Per Share
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings per Share
The calculation of basic and diluted earnings per share is as follows (in millions, except per share data):
 
Three Months Ended March 31,
 
2015
 
2014
Numerator for basic and diluted earnings per share:
 
 
 
Income from continuing operations
$
56.9

 
$
51.8

(Loss) income from discontinued operations
(2.8
)
 
1.1

Net income
$
54.1

 
$
52.9

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

 

Net income for basic and diluted earnings per share
$
54.1

 
$
52.9

Denominator for basic and diluted earnings per share:
 
 
 
Weighted-average shares outstanding
268.9

 
278.8

Share-based payment awards classified as participating securities
1.6

 
2.1

Denominator for basic earnings per share
270.5

 
280.9

Dilutive securities (1)
2.2

 
2.9

Denominator for diluted earnings per share
272.7

 
283.8

Basic earnings per share:
 
 
 
Income from continuing operations
$
0.21

 
$
0.18

(Loss) income from discontinued operations
$
(0.01
)
 
$

Net income
$
0.20

 
$
0.19

Diluted earnings per share:
 
 
 
Income from continuing operations
$
0.21

 
$
0.18

(Loss) income from discontinued operations
$
(0.01
)
 
$

Net income
$
0.20

 
$
0.19


(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 0.1 million stock options for the three months ended March 31, 2014, because such options were anti-dilutive. The weighted-average shares outstanding for the three months ended March 31, 2015 and 2014 each exclude the weighted average effect of 0.6 million performance stock units outstanding because the securities were anti-dilutive.