Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

The calculation of basic and diluted earnings per share is shown below for the years ended December 31, (in millions, except per share data):

	2015		2014		2013
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	259.3	$	373.0	$	416.3
Income from discontinued operations	90.7		4.8		58.3
Net income	$	350.0	$	377.8	$	474.6
Dividends and equivalents for share-based awards expected to be forfeited	0.1		0.1		0.1
Net income for basic and diluted earnings per share	$	350.1	$	377.9	$	474.7
Denominator for basic and diluted earnings per share:
Weighted-average shares outstanding	267.9		274.2		286.1
Share-based payment awards classified as participating securities	1.4		1.9		2.5
Denominator for basic earnings per share	269.3		276.1		288.6
Dilutive securities(1)	2.2		2.8		3.2
Denominator for diluted earnings per share	271.5		278.9		291.8
Basic earnings per share:
Income from continuing operations	$	0.96	$	1.35	$	1.44
Income from discontinued operations	0.34		0.02		0.20
Net income	$	1.30	$	1.37	$	1.64
Diluted earnings per share:
Income from continuing operations	$	0.96	$	1.34	$	1.43
Income from discontinued operations	0.33		0.02		0.20
Net income	$	1.29	$	1.35	$	1.63

(1) Dilutive securities include “in the money” options, non-participating restricted stock units and performance stock units. The weighted-average shares outstanding for 2015, 2014 and 2013 exclude the effect of approximately 0.2 million, 0.2 million and 2.3 million common stock equivalents, respectively, because such securities were anti-dilutive.

Net income attributable to participating securities, which consisted of certain of the Company’s outstanding restricted stock units, was $1.7 million, $2.5 million and $4.0 million for 2015, 2014 and 2013, respectively.