Earnings per Common Share

6 Months Ended

Jun. 30, 2017

Earnings per Common Share

4. Earnings per Common Share

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

	Quarter Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
(dollars and shares in millions)
EPS Numerator:
Net income	$	139.7	$	159.2	$	317.8	$	275.4
Less: Income allocated to participating securities		0.7		0.8		1.7		1.4
Net income available to common shareholders	$	139.0	$	158.4	$	316.1	$	274.0
EPS Denominator:
Weighted average common shares outstanding		73.1		74.0		73.1		74.0
Dilutive common share equivalents from share-based compensation plans		1.7		1.2		1.6		1.2
Weighted average common and common equivalent shares outstanding, assuming dilution		74.8		75.2		74.7		75.2