XML 29 R11.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share

Note 2 – Earnings Per Share

The weighted average number of shares outstanding used to compute earnings per common share were as follows (in millions):

 

     2016     2015        2014        

Weighted average common shares outstanding for basic computations

    299.3        310.3           316.8         

Weighted average dilutive effect of equity awards

    3.8        4.4           5.6         

Weighted average common shares outstanding for diluted computations

    303.1        314.7           322.4         

We compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented. Our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units and exercise of outstanding stock options based on the treasury stock method.

There were no anti-dilutive equity awards for the years ended December 31, 2016, 2015 and 2014.