Net Earnings Per Share

9 Months Ended

Sep. 30, 2016

The calculations of net earnings per share – basic and net earnings per share – diluted were as follows:



	3 Months Ended				9 Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Net earnings available to common shareholders	$	129.2	$	123.9	$	316.3	$	295.3

Weighted-average common shares outstanding (in millions)
Weighted-average common shares outstanding - basic	68.4		76.1		70.9		77.7
Effect of dilutive securities - stock options	0.2		0.4		0.2		0.5
Effect of other share-based awards	0.4		0.5		0.5		0.5
Weighted-average common shares outstanding - diluted	69.0		77.0		71.6		78.7

Net earnings per share - basic	$	1.89	$	1.63	$	4.46	$	3.80
Net earnings per share - diluted	$	1.87	$	1.61	$	4.42	$	3.75

There were 0.7 million and 0.2 million share-based awards excluded from the calculation of net earnings per share – diluted for the three months ended September 30, 2016 and 2015, respectively, and 0.7 million and 0.3 million share-based awards excluded from the calculation of net earnings per share – diluted for the nine months ended September 30, 2016 and 2015, respectively, as the exercise price for these awards was greater than the average market price of the common shares during the period.