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Earnings per Common Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share Computation

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