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NOTE 19 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings per share:
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(In Millions, Except Per Share Amounts) |
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2019 |
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2018 |
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2019 |
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2018 |
Income from continuing operations |
$ |
161.4 |
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$ |
229.4 |
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$ |
139.3 |
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$ |
216.0 |
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Loss from discontinued operations, net of tax |
(0.6 |
) |
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(64.3 |
) |
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(0.6 |
) |
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(135.2 |
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Net income |
$ |
160.8 |
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$ |
165.1 |
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$ |
138.7 |
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$ |
80.8 |
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Weighted average number of shares: |
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Basic |
275.8 |
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297.6 |
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282.6 |
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297.4 |
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$316.25 million 1.50% 2025 Convertible Senior Notes |
6.7 |
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— |
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6.9 |
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— |
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Employee stock plans |
3.0 |
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3.7 |
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4.1 |
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3.7 |
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Diluted |
285.5 |
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301.3 |
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293.6 |
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301.1 |
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Earnings (loss) per common share - basic: |
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Continuing operations |
$ |
0.59 |
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$ |
0.77 |
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$ |
0.49 |
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$ |
0.73 |
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Discontinued operations |
— |
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(0.22 |
) |
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— |
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(0.46 |
) |
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$ |
0.59 |
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$ |
0.55 |
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$ |
0.49 |
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$ |
0.27 |
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Earnings (loss) per common share - diluted: |
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Continuing operations |
$ |
0.57 |
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$ |
0.76 |
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$ |
0.47 |
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$ |
0.72 |
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Discontinued operations |
— |
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(0.21 |
) |
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— |
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(0.45 |
) |
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$ |
0.57 |
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$ |
0.55 |
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$ |
0.47 |
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$ |
0.27 |
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