Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.19.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Income from continuing operations
$
91.8

 
$
199.8

 
$
231.1

 
$
415.8

Income (loss) from discontinued operations, net of tax
(0.9
)
 
238.0

 
(1.5
)
 
102.8

Net income
$
90.9

 
$
437.8

 
$
229.6

 
$
518.6

 
 
 
 
 
 
 
 
Weighted average number of shares:
 
 
 
 
 
 
 
Basic
270.0

 
297.9

 
278.4

 
297.6

Convertible senior notes
3.7

 
8.0

 
5.8

 
1.9

Employee stock plans
2.9

 
4.3

 
3.6

 
4.0

Diluted
276.6

 
310.2

 
287.8

 
303.5

 
 
 
 
 
 
 
 
Earnings (loss) per common share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.34

 
$
0.67

 
$
0.83

 
$
1.40

Discontinued operations
—

 
0.80

 
(0.01
)
 
0.35

 
$
0.34

 
$
1.47

 
$
0.82

 
$
1.75

 
 
 
 
 
 
 
 
Earnings (loss) per common share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.33

 
$
0.64

 
$
0.80

 
$
1.37

Discontinued operations
—

 
0.77

 
—

 
0.34

 
$
0.33

 
$
1.41

 
$
0.80

 
$
1.71