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Earnings per Share
12 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings per Share
21. EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share (EPS):
30 September
 
2017

 
2016

 
2015

Numerator
 
 
 
 
 
 
Income from continuing operations
 
$
1,134.4

 
$
1,099.5

 
$
933.3

Income (Loss) from discontinued operations
 
1,866.0

 
(468.4
)
 
344.6

Net Income Attributable to Air Products
 
$
3,000.4

 
$
631.1

 
$
1,277.9

Denominator (in millions)
 
 
 
 
 
 
Weighted average common shares — Basic
 
218.0

 
216.4

 
214.9

Effect of dilutive securities
 
 
 
 
 
 
Employee stock option and other award plans
 
1.8

 
1.9

 
2.4

Weighted average common shares — Diluted
 
219.8

 
218.3

 
217.3

Basic EPS Attributable to Air Products
 
 
 
 
 
 
Income from continuing operations
 
$
5.20

 
$
5.08

 
$
4.34

Income (Loss) from discontinued operations
 
8.56

 
(2.16
)
 
1.61

Net Income Attributable to Air Products
 
$
13.76

 
$
2.92

 
$
5.95

Diluted EPS Attributable to Air Products
 
 
 
 
 
 
Income from continuing operations
 
$
5.16

 
$
5.04

 
$
4.29

Income (Loss) from discontinued operations
 
8.49

 
(2.15
)
 
1.59

Net Income Attributable to Air Products
 
$
13.65

 
$
2.89

 
$
5.88


Diluted EPS attributable to Air Products reflects the potential dilution that could occur if stock options or other share-based awards were exercised or converted into common stock. The dilutive effect is computed using the treasury stock method, which assumes all share-based awards are exercised and the hypothetical proceeds from exercise are used by the Company to purchase common stock at the average market price during the period. The incremental shares (difference between shares assumed to be issued versus purchased), to the extent they would have been dilutive, are included in the denominator of the diluted EPS calculation. There were no antidilutive outstanding share-based awards in fiscal year 2017. Outstanding share-based awards of .2 million shares were antidilutive and therefore excluded from the computation of diluted EPS for 2016 and 2015.