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Net Income Attributable to Company Per Share
 3 Months Ended
Mar. 31, 2012
Net Income Attributable to Company Per Share [Abstract]  
Net Income Attributable to Company Per Share

11. Net Income Attributable to Company Per Share

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):

 

 

                 
    Three Months Ended
March  31,		  
    2012     2011  

Numerator:

                

Net income attributable to Company

   $ 606     $ 407  
   

 

 

    

 

 

  

Denominator:

                

Basic—weighted average common shares outstanding

     423       420  

Dilutive effect of employee stock options and other unvested stock awards

     3       3  
   

 

 

    

 

 

  

Diluted outstanding shares

     426       423  
   

 

 

    

 

 

  

Net income attributable to Company per share:

                

Basic

   $ 1.43     $ 0.97  
   

 

 

    

 

 

  

Diluted

   $ 1.42     $ 0.96  
   

 

 

    

 

 

  

Cash dividends per share

   $ 0.12     $ 0.11  
   

 

 

    

 

 

  

ASC Topic 260, “Earnings Per Share” (“ASC Topic 260”) requires companies with unvested participating securities to utilize a two-class method for the computation of Net income attributable to Company per share. The two-class method requires a portion of Net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. Net income attributable to Company allocated to these participating securities was immaterial for three months ended March 31, 2012 and 2011 and therefore not excluded from Net income attributable to Company per share calculation.

In addition, the Company had stock options outstanding that were anti-dilutive totaling 6 million and 3 million shares for the three months ended March 31, 2012 and 2011, respectively.