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Earnings Per Share
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
Basic earnings per share is computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the assumed conversion of all dilutive securities.
The following table presents the calculation of basic and diluted earnings per share:
 
Three months ended June 30,
 
Six months ended June 30,
(in millions, except per share data)
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
Net earnings
$
853

 
$
696

 
$
1,960

 
$
1,336

 
 
 
 
 
 
 
 
Weighted average common shares outstanding, basic
683.6

 
752.2

 
694.8

 
757.9

Effect of dilutive securities
2.9

 
6.1

 
2.9

 
6.4

Weighted average common shares outstanding, dilutive
686.5

 
758.3

 
697.7

 
764.3

 


 
 
 
 
 
 
Earnings per basic common share
$
1.25

 
$
0.93

 
$
2.82

 
$
1.76

Earnings per diluted common share
$
1.24

 
$
0.92

 
$
2.81

 
$
1.75


We have issued certain stock based awards under the Synchrony Financial 2014 Long-Term Incentive Plan. A total of 3 million shares for both the three months ended June 30, 2019 and 2018, respectively, and 4 million and 2 million shares for the six months ended June 30, 2019 and 2018, respectively, related to these awards, were considered anti-dilutive and therefore were excluded from the computation of diluted earnings per share.