Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

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,
	2016		2015			2016		2015
(dollars and shares in millions)
EPS Numerator:
Net income (loss)	$	96.4	$	(86.0	)	$	371.8	$	(0.9	)
Less: Income allocated to participating securities		0.4		—			1.8		—

Net income (loss) available to common shareholders	$	96.0	$	(86.0	)	$	370.0	$	(0.9	)

EPS Denominator:
Weighted average common shares outstanding		74.1		74.1			74.0		74.2
Dilutive common share equivalents from share-based compensation plans		1.2		—			1.2		—

Weighted average common and common equivalent shares outstanding, assuming dilution		75.3		74.1			75.2		74.2