Earnings per Common Share

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
(dollars and shares in millions)
EPS Numerator:
Net income	$	94.1	$	96.4	$	411.9	$	371.8
Less: Income allocated to participating securities		0.5		0.4		2.2		1.8
Net income available to common shareholders	$	93.6	$	96.0	$	409.7	$	370.0
EPS Denominator:
Weighted average common shares outstanding		73.4		74.1		73.2		74.0
Dilutive common share equivalents from share-based compensation plans		1.7		1.2		1.7		1.2
Weighted average common and common equivalent shares outstanding, assuming dilution		75.1		75.3		74.9		75.2