Earnings per Common Share

3 Months Ended

Mar. 31, 2017

Earnings per Common Share

3. Earnings per Common Share

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

	Three Months Ended March 31,
	2017		2016
(dollars and shares in millions)
EPS Numerator:
Net income	$	178.1	$	116.2
Less: Income allocated to participating securities		0.9		0.6
Net income available to common shareholders	$	177.2	$	115.6
EPS Denominator:
Weighted average common shares outstanding		73.1		74.0
Dilutive common share equivalents from share-based compensation plans		1.6		1.2
Weighted average common and common equivalent shares outstanding, assuming dilution		74.7		75.2