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Earnings Per Common Share
9 Months Ended
Sep. 30, 2011
Earnings Per Common Share [Abstract] 
Earnings Per Common Share

4. Earnings per Common Share

Earnings per share ("EPS") is computed under the two-class method using the following common share information:

 

     Quarter
Ended
September 30,
     Nine Months
Ended
September 30,
 
     2011      2010      2011      2010  
(dollars and shares in millions)                            

EPS Numerator:

           

Net income attributable to common shareholders

   $ 130.1       $ 127.5       $ 214.2       $ 373.0   

Less: Income allocated to participating securities

     2.3         1.3         4.0         4.1   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income available to common shareholders

   $ 127.8       $ 126.2       $ 210.2       $ 368.9   
  

 

 

    

 

 

    

 

 

    

 

 

 

EPS Denominator:

           

Weighted average common shares outstanding

     86.6         93.3         86.0         94.4   

Dilutive common share equivalents from share-based compensation plans

     1.2         1.0         1.7         1.1   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common and common equivalent shares outstanding, assuming dilution

     87.8         94.3         87.7         95.5