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Net Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2017
Earnings Per Share [Abstract] |
Calculation of Basic and Diluted Net Earnings Per Common Share | The following table shows the calculation of basic and diluted net earnings per common share under the two-class method:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions, except per share amounts) |  | 2017 |  | 2016 |  | 2017 |  | 2016
Basic Net Earnings Per Common Share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 787.4 |  |  | $ | 163.3 |  |  | $ | 848.4 |  |  | $ | 315.3 |
Distributed and allocated undistributed net loss to non-vested restricted stockholders |  | (5.0 | ) |  | (1.2 | ) |  | (5.3 | ) |  | (2.2 | )
Distributed and allocated undistributed net earnings to common stockholders |  | 782.4 |  |  | 162.1 |  |  | 843.1 |  |  | 313.1 |
Distributed net (loss) earnings - dividends paid to common stockholders |  | (30.1 | ) |  | (31.3 | ) |  | (91.5 | ) |  | (88.0 | )
Allocation of undistributed net earnings to common stockholders |  | $ | 752.3 |  |  | $ | 130.8 |  |  | $ | 751.6 |  |  | $ | 225.1 |
Denominator |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding - basic |  | 186.9 |  |  | 194.1 |  |  | 190.9 |  |  | 195.0 |
Basic net earnings per common share: |  |  |  |  |  |  |  |
Distributed net earnings to common stockholders |  | $ | 0.16 |  |  | $ | 0.16 |  |  | $ | 0.48 |  |  | $ | 0.45 |
Allocated undistributed net earnings to common stockholders |  | 4.03 |  |  | 0.68 |  |  | 3.94 |  |  | 1.15 |
Basic net earnings per common share(1) |  | $ | 4.19 |  |  | $ | 0.84 |  |  | $ | 4.42 |  |  | $ | 1.60 |
Diluted Net Earnings Per Common Share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Distributed and allocated undistributed net earnings to common stockholders |  | $ | 782.4 |  |  | $ | 162.1 |  |  | $ | 843.1 |  |  | $ | 313.1 |
Add: Allocated undistributed net earnings to unvested restricted stockholders |  | 4.8 |  |  | 1.1 |  |  | 4.8 |  |  | 1.7 |
Less: Undistributed net earnings (loss) reallocated to non-vested restricted stockholders |  | (4.8 | ) |  | (1.1 | ) |  | (4.8 | ) |  | (1.7 | )
Net earnings available to common stockholders - diluted |  | $ | 782.4 |  |  | $ | 162.1 |  |  | $ | 843.1 |  |  | $ | 313.1 |
Denominator |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding - basic |  | 186.9 |  |  | 194.1 |  |  | 190.9 |  |  | 195.0 |
Effect of contingently issuable shares |  | 0.7 |  |  | 1.0 |  |  | 0.7 |  |  | 0.9 |
Effect of unvested restricted stock units |  | 0.7 |  |  | 0.9 |  |  | 0.7 |  |  | 0.9 |
Weighted average number of common shares outstanding - diluted under two-class |  | 188.3 |  |  | 196.0 |  |  | 192.3 |  |  | 196.8 |
Effect of unvested restricted stock - participating security |  | 0.6 |  |  | 0.7 |  |  | 0.6 |  |  | 0.7 |
Weighted average number of common shares outstanding - diluted under treasury stock |  | 188.9 |  |  | 196.7 |  |  | 192.9 |  |  | 197.5 |
Diluted net earnings per common share(1) |  | $ | 4.15 |  |  | $ | 0.83 |  |  | $ | 4.37 |  |  | $ | 1.59 |
(1) | For the nine months ended September 30, 2017, there was a revision to net earnings from discontinued operations, net of tax, on the Condensed Consolidated Statement of Operations related to depreciation and amortization on Diversey assets held for sale. Refer to the Condensed Consolidated Statement of Operations for further details.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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