XML 48 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Weighted Average Shares Outstanding
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Weighted Average Number Of Shares Outstanding [Text Block]
WEIGHTED AVERAGE SHARES OUTSTANDING
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(in millions)
 
2012
 
2011
 
2012
 
2011
Weighted average shares outstanding - basic
 
1,423.2

 
1,528.6

 
1,434.2

 
1,527.5

Net effect of common stock equivalents
 


*
7.2

 


*
8.5

Weighted average shares outstanding - assuming dilution
 
1,423.2

 
1,535.8

 
1,434.2

 
1,536.0

* We generated net losses in the second quarter and first half of 2012. Our weighted-average shares outstanding for earnings per share calculations excludes common stock equivalents of 5.8 million for the second quarter of 2012 and 7.3 million for the first half of 2012 due to our net loss position in these periods.
Weighted average shares outstanding, assuming dilution, excludes the impact of 63 million stock options for the second quarter of 2012, 68 million for the second quarter of 2011, 61 million for the first half of 2012, and 62 million for the first half of 2011, due to the exercise prices of these stock options being greater than the average fair market value of our common stock during the period.
We issued less than one million shares of our common stock in the second quarter of 2012 and eight million shares in the first half of 2012, approximately one million shares in the second quarter of 2011 and approximately eight million shares in the first half of 2011, following the exercise or vesting of underlying stock options or deferred stock units, or purchase under our employee stock purchase plans. We repurchased approximately 18 million shares of our common stock during the second quarter of 2012 for approximately $110 million, and approximately 41 million shares during the first half of 2012 for approximately $250 million, pursuant to the share repurchase program authorized in 2011, discussed in Note L – Stockholders' Equity to our audited financial statements contained in Item 8 of our 2011 Annual Report on Form 10-K.