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NOTE 18 - 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
September 30, |
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Nine Months Ended
September 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 |
$ |
91.8 |
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$ |
199.8 |
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$ |
231.1 |
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$ |
415.8 |
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Income (loss) from discontinued operations, net of tax |
(0.9 |
) |
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238.0 |
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(1.5 |
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102.8 |
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Net income |
$ |
90.9 |
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$ |
437.8 |
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$ |
229.6 |
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$ |
518.6 |
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Weighted average number of shares: |
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Basic |
270.0 |
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297.9 |
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278.4 |
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297.6 |
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Convertible senior notes |
3.7 |
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8.0 |
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5.8 |
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1.9 |
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Employee stock plans |
2.9 |
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4.3 |
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3.6 |
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4.0 |
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Diluted |
276.6 |
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310.2 |
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287.8 |
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303.5 |
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Earnings (loss) per common share - basic: |
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Continuing operations |
$ |
0.34 |
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$ |
0.67 |
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$ |
0.83 |
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$ |
1.40 |
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Discontinued operations |
— |
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0.80 |
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(0.01 |
) |
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0.35 |
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$ |
0.34 |
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$ |
1.47 |
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$ |
0.82 |
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$ |
1.75 |
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Earnings (loss) per common share - diluted: |
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Continuing operations |
$ |
0.33 |
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$ |
0.64 |
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$ |
0.80 |
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$ |
1.37 |
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Discontinued operations |
— |
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0.77 |
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— |
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0.34 |
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$ |
0.33 |
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$ |
1.41 |
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$ |
0.80 |
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$ |
1.71 |
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