XML 66 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share Computation

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,
 
     2013      2012      2013      2012  
(dollars and shares in millions)                            

EPS Numerator:

           

Net income

   $ 93.2       $ 129.3       $ 22.3       $ 401.9   

Less: Income allocated to participating securities

     1.6         2.4         0.3         7.7   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income available to common shareholders

   $ 91.6       $ 126.9       $ 22.0       $ 394.2   
  

 

 

    

 

 

    

 

 

    

 

 

 

EPS Denominator:

           

Weighted average common shares outstanding

     78.5         83.4         79.9         83.8   

Dilutive common share equivalents from share-based compensation plans

     1.5         1.2         1.3         1.1   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common and common equivalent shares outstanding, assuming dilution

     80.0         84.6         81.2         84.9