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Net Earnings Per Share From Continuing Operations
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Net Earnings Per Share From Continuing Operations NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS
Basic net earnings per share (“EPS”) from continuing operations is calculated by taking net earnings from continuing operations less the MCPS dividends divided by the weighted average number of common shares outstanding for the applicable period. Diluted net EPS from continuing operations is computed based on the weighted average number of common shares outstanding increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued and reduced by the number of shares the Company could have repurchased with the proceeds from the issuance of the potentially dilutive shares. For the year ended December 31, 2019, no options to purchase shares were excluded from the diluted earnings per share calculation. For the years ended December 31, 2018 and 2017, 1 million and 4 million options to purchase shares, respectively, were not included in the diluted earnings per share calculation as the impact of their inclusion would have been anti-dilutive.
The impact of the MCPS calculated under the if-converted method was anti-dilutive, and as such 10 million shares underlying the MCPS (assuming a conversion ratio based on the December 31, 2019 share price) were excluded from the diluted EPS calculation for the year ended December 31, 2019.
Information related to the calculation of net earnings from continuing operations per share of common stock for the years ended December 31 is summarized as follows ($ and shares in millions, except per share amounts):
 
2019
 
2018
 
2017
Numerator:
 
 
 
 
 
Net earnings from continuing operations
$
2,432.3

 
$
2,406.3

 
$
2,172.2

MCPS dividends
(68.4
)
 
—

 
—

Net earnings from continuing operations attributable to common stockholders for Basic EPS
2,363.9

 
2,406.3

 
2,172.2

Adjustment for interest on convertible debentures
1.6

 
2.2

 
2.1

Net earnings from continuing operations attributable to common stockholders after assumed conversions for Diluted EPS
$
2,365.5

 
$
2,408.5

 
$
2,174.3

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted average common shares outstanding used in Basic EPS
715.0

 
700.6

 
695.8

Incremental common shares from:
 
 
 
 
 
Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs
8.9

 
7.2

 
7.5

Assumed conversion of the convertible debentures
1.6

 
2.4

 
2.8

Weighted average common shares outstanding used in Diluted EPS
725.5

 
710.2

 
706.1

 
 
 
 
 
 
Basic EPS from continuing operations
$
3.31

 
$
3.43

 
$
3.12

Diluted EPS from continuing operations
$
3.26

 
$
3.39

 
$
3.08