Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

12. EARNINGS PERCOMMONSHARE (EPS)

Basic Earnings Per Share (EPS) is computed by dividing net income attributable to Duke Energy common shareholders, adjusted for distributed and undistributed earnings allocated to participating securities, by the weighted-average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income attributable to Duke Energy common shareholders, as adjusted for distributed and undistributed earnings allocated to participating securities, by the diluted weighted-average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other agreements to issue common stock, such as stock options, phantom shares and stock-based performance unit awards were exercised or settled.

The following table presents Duke Energy's basic and diluted EPS calculations and reconciles the weighted-average number of common shares outstanding to the diluted weighted-average number of common shares outstanding.

(In millions, except per-share amounts)	Income		Average Shares			EPS
Three Months Ended June 30, 2013
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted	$	340		706	$	0.48
Three Months Ended June 30, 2012
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted	$	444		446	$	0.99

(In millions, except per-share amounts)	Income		Average Shares			EPS
Six Months Ended June 30, 2013
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic	$	969		705	$	1.37
Effect of dilutive securities:
Stock options, performance and restricted stock		―		1
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — diluted	$	969		706	$	1.37
Six Months Ended June 30, 2012
Income from continuing operations attributable to Duke Energy common shareholders, as adjusted for participating securities — basic and diluted	$	736		446	$	1.65

As ofJune 30, 2013and 2012,2million and 4 million, respectively,of stock options and performance and unvested stock awards were not included in the dilutive securities calculation in the above table because either the option exercise prices were greater than the average market price of the common shares during those periods, or performance measures related to the awards had not yet been met.