Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share ("EPS")

There are no adjustments required to be made to net income for purposes of computing EPS. A reconciliation of the average number of common shares outstanding used in the basic and diluted EPS computations follows:



	Three Months Ended September 30		Nine Months Ended September 30
(Millions of shares)	2016	2015	2016	2015
Basic	359.2	363.9	360.0	364.5
Dilutive effect of stock options and restricted share unit awards	2.3	2.3	2.4	2.4
Diluted	361.5	366.2	362.4	366.9

Options outstanding that were not included in the computation of diluted EPS because their exercise price was greater than the average market price of the common shares were insignificant.

The number of common shares outstanding as of September 30, 2016 and 2015 was 358.4 million and 363.3 million, respectively.