Net Income Per Common Share

Basic net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period. Diluted net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards. The Company did not have significant share-based awards outstanding that were antidilutive and not included in the calculation of diluted net income per common share attributable to Walmart for the three and nine months ended October 31, 2017 and 2016.

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Walmart:



	Three Months Ended October 31,						Nine Months Ended October 31,
(Amounts in millions, except per share data)	2017			2016			2017			2016
Numerator
Consolidated net income	$	1,904		$	3,202		$	8,160		$	10,307
Consolidated net income attributable to noncontrolling interest	(155		)	(168		)	(473		)	(421		)
Consolidated net income attributable to Walmart	$	1,749		$	3,034		$	7,687		$	9,886

Denominator
Weighted-average common shares outstanding, basic	2,981			3,089			3,008			3,114
Dilutive impact of stock options and other share-based awards	15			11			13			10
Weighted-average common shares outstanding, diluted	2,996			3,100			3,021			3,124

Net income per common share attributable to Walmart
Basic	$	0.59		$	0.98		$	2.56		$	3.17
Diluted	0.58			0.98			2.54			3.16