XML 44 R13.htm IDEA: XBRL DOCUMENT v3.6.0.2
Net Earnings Per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Net Earnings Per Share
Net Earnings Per Share

The calculation of net earnings per share - basic and net earnings per share - diluted were as follows:

Year Ended December 31
2016

2015

2014

Net earnings available to common shareholders:

$443.7


$419.2


$427.6

 
 
 
 
Weighted-average common shares outstanding (in millions):
 
 
 
 Weighted-average common shares outstanding - basic
70.1

76.8

79.5

Effect of dilutive securities - stock options
0.2

0.5

0.6

Effect of other share-based awards
0.5

0.4

0.6

 Weighted-average common shares outstanding - diluted
70.8

77.7

80.7

 
 
 
 
Net earnings per share - basic

$6.33


$5.46


$5.38

Net earnings per share - diluted

$6.27


$5.40


$5.30

 
 
 
 


There were certain share-based awards excluded from the calculation of net earnings per share - diluted for the year ended December 31, 2016, 2015 and 2014, respectively, as the exercise prices for these awards were greater than the average market price of the common shares during the period. The number, exercise prices and weighted-average remaining life of these antidilutive awards were as follows:

 
2016

2015

2014

Shares (in thousands)
20

20

692

Exercise price ranges

$93

93

$76-$93

Weighted-average remaining life
0.4 years

1.4 years

4.1 years