Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings per Share

Reconciliation of the numerators and denominators of the earnings per share calculations —



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Numerator - Basic and Diluted:
Net income attributable to the parent company	$	57	$	119	$	155	$	241

Denominator:
Weighted-average shares outstanding - Basic	144.0		158.0		146.7		161.6
Employee compensation-related shares, including stock options	0.6		0.9		0.4		1.1
Weighted-average shares outstanding - Diluted	144.6		158.9		147.1		162.7

The share count for diluted earnings per share is computed on the basis of the weighted-average number of common shares outstanding plus the effects of dilutive common stock equivalents (CSEs) outstanding during the period. We excluded 2.1 million and 0.2 million CSEs from the calculations of diluted earnings per share for the third quarters of 2016 and 2015 and excluded 2.1 million and 0.1 million CSEs for the year-to-date periods of 2016 and 2015 as the effect of including them would have been anti-dilutive.