Earnings and Dividends Per Common Share
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Mar. 31, 2014
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Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings and Dividends Per Common Share | Earnings and Dividends Per Common Share Earnings Per Share Attributable to United States Steel Corporation Shareholders Basic earnings per common share is based on the weighted average number of common shares outstanding during the period. Diluted earnings per common share assumes the exercise of stock options, the vesting of restricted stock units and performance awards and the conversion of convertible notes, provided in each case the effect is dilutive. The “if-converted” method is used to calculate the dilutive effect of the Senior Convertible Notes due May 2014 and the “treasury stock” method is used to calculate the dilutive effect of the Senior Convertible Notes due in 2019 (due to our current intent and policy, among other factors, to settle the principal amount of the 2019 Senior Convertible Notes in cash upon conversion). The computations for basic and diluted earnings per common share from continuing operations are as follows:
The following table summarizes the securities that were antidilutive, and therefore, were not included in the computations of diluted earnings per common share:
(a) On March 27, 2013, we repurchased approximately $542 million aggregate principal amount of our 4% Senior Convertible Notes due May 2014. If the repurchases had occurred on January 1, 2013, the antidilutive securities would be 10,058 for the three months ended March 31, 2013. Dividends Paid Per Share The dividend for first quarter of 2014 and 2013 was five cents per common share. |