|
Three
Months Ended
|
||||||||
|
March
31,
|
||||||||
|
(in
millions, except per share amounts)
|
2009
|
2008
|
||||||
|
Income
Available for Common Shareholders
|
$ | 241 | $ | 224 | ||||
|
Less:
distributed earnings to common shareholders
|
154 | 139 | ||||||
|
Undistributed
earnings
|
$ | 87 | $ | 85 | ||||
|
Common
shareholders earnings
|
||||||||
|
Basic
|
||||||||
|
Distributed
earnings to common shareholders
|
$ | 154 | $ | 139 | ||||
|
Undistributed
earnings allocated to common shareholders
|
83 | 81 | ||||||
|
Total
common shareholders earnings, basic
|
$ | 237 | $ | 220 | ||||
|
Diluted
|
||||||||
|
Distributed
earnings to common shareholders
|
$ | 154 | $ | 139 | ||||
|
Undistributed
earnings allocated to common shareholders
|
83 | 81 | ||||||
|
Total
common shareholders earnings, diluted
|
$ | 237 | $ | 220 | ||||
|
Weighted
average common shares outstanding, basic
|
364 | 355 | ||||||
|
9.50%
Convertible Subordinated Notes
|
17 | 19 | ||||||
|
Weighted
average common shares outstanding and participating securities,
basic
|
381 | 374 | ||||||
|
Weighted
average common shares outstanding, basic
|
364 | 355 | ||||||
|
Employee
share-based compensation
|
2 | 1 | ||||||
|
Weighted
average common shares outstanding, diluted
|
366 | 356 | ||||||
|
9.50%
Convertible Subordinated Notes
|
17 | 19 | ||||||
|
Weighted
average common shares outstanding and participating securities,
diluted
|
383 | 375 | ||||||
|
Net
earnings per common share, basic
|
||||||||
|
Distributed
earnings, basic (1)
|
$ | 0.42 | $ | 0.39 | ||||
|
Undistributed
earnings, basic
|
0.23 | 0.23 | ||||||
|
Total
|
$ | 0.65 | $ | 0.62 | ||||
|
Net
earnings per common share, diluted
|
||||||||
|
Distributed
earnings, diluted
|
$ | 0.42 | $ | 0.39 | ||||
|
Undistributed
earnings, diluted
|
0.23 | 0.23 | ||||||
|
Total
|
$ | 0.65 | $ | 0.62 | ||||
|
(1)
Distributed earnings, basic may differ from actual per share amounts paid
as dividends, as the EPS computation under GAAP requires the use of the
weighted average, rather than the actual number of, shares
outstanding.
|
||||||||