Earnings per Share

9 Months Ended

Jun. 30, 2011

Earnings per Share

Earnings per Share

13.     EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share (EPS):

	Three Months Ended 30 June				Nine Months Ended 30 June
	2011		2010		2011		2010
NUMERATOR
Income from continuing operations		$317.6		$253.2		$890.5		$757.0
Income from discontinued operations		8.9		—		8.9		—
Net Income Attributable to Air Products		$326.5		$253.2		$899.4		$757.0
DENOMINATOR (in millions)
Weighted average number of common shares outstanding		212.5		212.3		213.5		212.0
Effect of dilutive securities
Employee stock options		3.8		3.6		4.0		3.9
Other award plans		1.0		1.0		.9		1.0
		4.8		4.6		4.9		4.9
Weighted average number of common shares outstanding assuming dilution		217.3		216.9		218.4		216.9
BASIC EPS ATTRIBUTABLE TO AIR PRODUCTS
Income from Continuing Operations		$    1.50		$    1.19		$    4.17		$    3.57
Income from Discontinued Operations		.04		—		.04		—
Net Income Attributable to Air Products		$    1.54		$    1.19		$    4.21		$    3.57
DILUTED EPS ATTRIBUTABLE TO AIR PRODUCTS
Income from Continuing Operations		$    1.46		$    1.17		$    4.08		$    3.49
Income from Discontinued Operations		.04		—		.04		—
Net Income Attributable to Air Products		$    1.50		$    1.17		$    4.12		$    3.49

Options on 2.1 million shares were antidilutive and therefore excluded from the computation of diluted earnings per share for the three and nine months ended 30 June 2011. Options on 2.2 million shares were antidilutive and therefore excluded from the computation of diluted earnings per share for the three and nine months ended 30 June 2010.