Basic earnings per share
(“EPS”) is computed based on the weighted average
number of shares of common stock outstanding during the period.
Diluted EPS is computed based on the weighted average number of
shares of common stock plus the effect of dilutive potential common
shares outstanding during the period using the treasury stock
method. Dilutive potential common shares include outstanding stock
options and stock awards.
The components of basic
and diluted EPS are as follows:
(In millions, except earnings per share)
Three Months Ended September 30,
Net income available for common
Weighted average outstanding shares
of common stock (B)
Dilutive effect of stock-based
Common stock and common stock
Earnings Per Share
awards excluded from the calculations of diluted EPS were
immaterial during the periods presented.