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Earnings Per Share

6 Months Ended

Jun. 30, 2020

The computations of the weighted average shares outstanding for the periods indicated are as follows (in millions):


	Three Months Ended June 30,			Six Months Ended June 30,
	2020	2019	2020	2019
Weighted average shares outstanding	424.2	423.2	424.0	423.1
Share-based payment awards classified as participating securities (1)	—	0.1	—	0.2
Basic weighted average shares outstanding	424.2	423.3	424.0	423.3
Dilutive securities (2)	0.5	0.2	—	0.3
Diluted weighted average shares outstanding	424.7	423.5	424.0	423.6

(1)For the three months ended June 30, 2020 and 2019, dividends and equivalents for share-based awards that are expected to be forfeited do not have a material effect on net income for basic and diluted earnings per share.

(2)The six months ended June 30, 2020 excludes 0.8 million of potentially dilutive share-based awards as their effect would be anti-dilutive.

At June 30, 2020, there were 0.7 million potentially dilutive restricted stock awards with performance-based vesting targets that were not met and as such, have been excluded from the computation of diluted earnings per share.