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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Computations of Weighted Average Shares Outstanding

The computations of the weighted average shares outstanding for the periods indicated are as follows (in millions):

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2018      2017      2018      2017  

Weighted-average shares outstanding

     470.7        489.6        480.6        485.2  

Share-based payment awards classified as participating securities (1)

     0.3        0.8        0.5        1.1  
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic weighted-average shares outstanding

     471.0        490.4        481.1        486.3  

Dilutive securities (2)

     —          1.1        —          1.6  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted-average shares outstanding

     471.0        491.5        481.1        487.9  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

For the three and nine months ended September 30, 2018 and 2017 dividends and equivalents for share-based awards that are expected to be forfeited do not have a material effect on net income for basic and diluted earnings per share.

(2)

The three and nine months ended September 30, 2018 excludes 0.3 million and 0.7 million potentially dilutive share-based awards as their effect would be anti-dilutive.