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Earnings Per Share
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

9. Earnings Per Share

 

 

For the three months ended Mar. 31,

 

(millions, except per share amounts)

2016

 

 

2015

 

Basic earnings per share

 

 

 

 

 

 

 

Net income from continuing operations

$

73.7

 

 

$

63.8

 

Amount allocated to nonvested participating shareholders

 

(0.1

)

 

 

(0.2

)

Income before discontinued operations available to

   common shareholders - Basic

$

73.6

 

 

$

63.6

 

Income (loss) from discontinued operations, net

$

0.1

 

 

$

(5.8

)

Amount allocated to nonvested participating shareholders

 

0.0

 

 

 

0.0

 

Income (loss) from discontinued operations available to

   common shareholders - Basic

$

0.1

 

 

$

(5.8

)

Net income

$

73.8

 

 

$

58.0

 

Amount allocated to nonvested participating shareholders

 

(0.1

)

 

 

(0.2

)

Net income available to common shareholders - Basic

$

73.7

 

 

$

57.8

 

Average common shares outstanding - Basic

 

234.0

 

 

 

232.8

 

Earnings per share from continuing operations available to

   common shareholders - Basic

$

0.31

 

 

$

0.27

 

Earnings per share from discontinued operations available to

   common shareholders - Basic

 

0.0

 

 

$

(0.02

)

Earnings per share available to common shareholders - Basic

$

0.31

 

 

$

0.25

 

Diluted earnings per share

 

 

 

 

 

 

 

Net income from continuing operations

$

73.7

 

 

$

63.8

 

Amount allocated to nonvested participating shareholders

 

(0.1

)

 

 

(0.2

)

Income before discontinued operations available to

   common shareholders - Diluted

$

73.6

 

 

$

63.6

 

Income (loss) from discontinued operations, net

$

0.1

 

 

$

(5.8

)

Amount allocated to nonvested participating shareholders

 

0.0

 

 

 

0.0

 

Income (loss) from discontinued operations available to

   common shareholders - Diluted

$

0.1

 

 

$

(5.8

)

Net income

$

73.8

 

 

$

58.0

 

Amount allocated to nonvested participating shareholders

 

(0.1

)

 

 

(0.2

)

Net income available to common shareholders - Diluted

$

73.7

 

 

$

57.8

 

Unadjusted average common shares outstanding - Diluted

 

234.0

 

 

 

232.8

 

Assumed conversion of stock options, unvested restricted stock,

   unvested RSUs and contingent performance shares, net

 

1.2

 

 

 

0.7

 

Average common shares outstanding - Diluted

 

235.2

 

 

 

233.5

 

Earnings per share from continuing operations available to

   common shareholders - Diluted

$

0.31

 

 

$

0.27

 

Earnings per share from discontinued operations available to

   common shareholders - Diluted

 

0.0

 

 

$

(0.02

)

Earnings per share available to common shareholders - Diluted

$

0.31

 

 

$

0.25

 

Anti-dilutive shares

 

0.2

 

 

 

0.1