Earnings per Common Share

9 Months Ended

Sep. 30, 2014

Earnings per Common Share

2. 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,
	2014		2013		2014		2013
(dollars and shares in millions)
EPS Numerator:
Net income	$	131.3	$	93.2	$	160.3	$	22.3
Less: Income allocated to participating securities		2.2		1.6		2.6		0.3
Net income available to common shareholders	$	129.1	$	91.6	$	157.7	$	22.0
EPS Denominator:
Weighted average common shares outstanding		74.8		78.5		75.7		79.9
Dilutive common share equivalents from share-based compensation plans		1.5		1.5		1.5		1.3
Weighted average common and common equivalent shares outstanding, assuming dilution		76.3		80.0		77.2		81.2