Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2015

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,
	2015			2014		2015			2014
(dollars and shares in millions)
EPS Numerator:
Net (loss) income	$	(86.0	)	$	131.3	$	(0.9	)	$	160.3
Less: Income allocated to participating securities		—			2.2		—			2.6

Net (loss) income available to common shareholders	$	(86.0	)	$	129.1	$	(0.9	)	$	157.7

EPS Denominator:
Weighted average common shares outstanding		74.1			74.8		74.2			75.7
Dilutive common share equivalents from share-based compensation plans		—			1.5		—			1.5

Weighted average common and common equivalent shares outstanding, assuming dilution		74.1			76.3		74.2			77.2