Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the periods indicated, is as follows:



	Three Months Ended September 30,
	2017					2016
	Income		Weighted Average Shares	Per Share Amount		Income		Weighted Average Shares	Per Share Amount
	(in millions, except per share amounts)
Basic earnings per share
Net income (loss)	$	2,241				$	1,832
Less: Income (loss) attributable to noncontrolling interests	3					5
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	27					21
Net income (loss) attributable to Prudential Financial available to holders of Common Stock	$	2,211	426.2	$	5.19	$	1,806	435.9	$	4.14
Effect of dilutive securities and compensation programs
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$	27				$	21
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	27					21
Stock options			1.9					1.9
Deferred and long-term compensation programs			1.1					0.9
Exchangeable Surplus Notes	4		5.8			4		5.6
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock	$	2,215	435.0	$	5.09	$	1,810	444.3	$	4.07



	Nine Months Ended September 30,
	2017					2016
	Income		Weighted Average Shares	Per Share Amount		Income		Weighted Average Shares	Per Share Amount
	(in millions, except per share amounts)
Basic earnings per share
Net income (loss)	$	4,109				$	4,126
Less: Income (loss) attributable to noncontrolling interests	11					42
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards	50					47
Net income (loss) attributable to Prudential Financial available to holders of Common Stock	$	4,048	428.1	$	9.46	$	4,037	440.7	$	9.16
Effect of dilutive securities and compensation programs
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic	$	50				$	47
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted	50					46
Stock options			2.2					1.7
Deferred and long-term compensation programs			1.0					0.9
Exchangeable Surplus Notes	13		5.8			13		5.6
Diluted earnings per share
Net income (loss) attributable to Prudential Financial available to holders of Common Stock	$	4,061	437.1	$	9.29	$	4,051	448.9	$	9.02

Earnings Per Share Computation

For the periods indicated, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows:



	Three Months Ended September 30,
	2017			2016
	Shares	Exercise Price Per Share		Shares	Exercise Price Per Share
	(in millions, except per share amounts, based on weighted average)
Antidilutive stock options based on application of the treasury stock method	0.4	$	110.20	3.3	$	85.22
Antidilutive stock options due to net loss available to holders of Common Stock	0.0			0.0
Antidilutive shares based on application of the treasury stock method	0.0			0.0
Antidilutive shares due to net loss available to holders of Common Stock	0.0			0.0
Total antidilutive stock options and shares	0.4			3.3



	Nine Months Ended September 30,
	2017			2016
	Shares	Exercise Price Per Share		Shares	Exercise Price Per Share
	(in millions, except per share amounts, based on weighted average)
Antidilutive stock options based on application of the treasury stock method	0.3	$	110.27	3.6	$	83.95
Antidilutive stock options due to net loss available to holders of Common Stock	0.0			0.0
Antidilutive shares based on application of the treasury stock method	0.2			0.0
Antidilutive shares due to net loss available to holders of Common Stock	0.0			0.0
Total antidilutive stock options and shares	0.5			3.6