v3.25.2
Net Income Per Common Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
The computations of net income per common share are presented in the following table.
TABLE 61: NET INCOME PER COMMON SHARE
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
($ In Millions Except Per Common Share Information)2025202420252024
Basic Net Income Per Common Share
Average Number of Common Shares Outstanding192,751,910 203,306,236 193,965,606 203,967,516 
Net Income$421.3 $896.1 $813.3 $1,110.8 
Less: Dividends on Preferred Stock4.7 4.7 20.9 20.9 
Net Income Applicable to Common Stock416.6 891.4 792.4 1,089.9 
Less: Earnings Allocated to Participating Securities3.8 7.1 7.4 9.5 
Earnings Allocated to Common Shares Outstanding412.8 884.3 785.0 1,080.4 
Basic Net Income Per Common Share$2.14 $4.35 $4.05 $5.30 
Diluted Net Income Per Common Share
Average Number of Common Shares Outstanding192,751,910 203,306,236 193,965,606 203,967,516 
Plus: Dilutive Effect of Share-based Compensation622,978 432,434 776,726 469,241 
Average Common and Potential Common Shares193,374,888 203,738,670 194,742,332 204,436,757 
Earnings Allocated to Common and Potential Common Shares$412.8 $884.3 $785.0 $1,080.4 
Diluted Net Income Per Common Share2.13 4.34 4.03 5.28 
Note:    For the three and six months ended June 30, 2025, there were no common stock equivalents excluded from the computation of diluted net income per common share because their inclusion would have been antidilutive. For the three and six months ended June 30, 2024, there were de minimis and 0.1 million common stock equivalents excluded in the computation of diluted net income per share.