Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.19.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings per share:
 
(In Millions, Except Per Share Amounts)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
Income from continuing operations
$
161.4

 
$
229.4

 
$
139.3

 
$
216.0

Loss from discontinued operations, net of tax
(0.6
)
 
(64.3
)
 
(0.6
)
 
(135.2
)
Net income
$
160.8

 
$
165.1

 
$
138.7

 
$
80.8

 
 
 
 
 
 
 
 
Weighted average number of shares:
 
 
 
 
 
 
 
Basic
275.8

 
297.6

 
282.6

 
297.4

$316.25 million 1.50% 2025 Convertible Senior Notes
6.7

 
—

 
6.9

 
—

Employee stock plans
3.0

 
3.7

 
4.1

 
3.7

Diluted
285.5

 
301.3

 
293.6

 
301.1

 
 
 
 
 
 
 
 
Earnings (loss) per common share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.59

 
$
0.77

 
$
0.49

 
$
0.73

Discontinued operations
—

 
(0.22
)
 
—

 
(0.46
)
 
$
0.59

 
$
0.55

 
$
0.49

 
$
0.27

 
 
 
 
 
 
 
 
Earnings (loss) per common share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.57

 
$
0.76

 
$
0.47

 
$
0.72

Discontinued operations
—

 
(0.21
)
 
—

 
(0.45
)
 
$
0.57

 
$
0.55

 
$
0.47

 
$
0.27