EARNINGS ATTRIBUTABLE TO ECOLAB PER COMMON SHARE ("EPS")

6 Months Ended

Jun. 30, 2017

EARNINGS ATTRIBUTABLE TO ECOLAB PER COMMON SHARE ("EPS")

EARNINGS ATTRIBUTABLE TO ECOLAB PER COMMON SHARE ("EPS")

11. EARNINGS ATTRIBUTABLE TO ECOLAB PER COMMON SHARE (“EPS”)

The difference in the weighted average common shares outstanding for calculating basic and diluted EPS is a result of the dilution associated with the Company’s equity compensation plans. As noted in the table below, certain stock options and units outstanding under these equity compensation plans were not included in the computation of diluted EPS because they would not have had a dilutive effect.

The computations of the basic and diluted EPS amounts were as follows:

	Second Quarter Ended				Six Months Ended
	June 30				June 30
(millions, except per share)	2017		2016		2017		2016
Net income attributable to Ecolab		$ 296.6		$ 258.4		$ 550.1		$ 489.2
Weighted-average common shares outstanding
Basic		289.8		292.4		290.2		293.4
Effect of dilutive stock options and units		4.3		4.1		4.4		4.1
Diluted		294.1		296.5		294.6		297.5
Basic EPS		$ 1.02		$ 0.88		$ 1.90		$ 1.67
Diluted EPS		$ 1.01		$ 0.87		$ 1.87		$ 1.64
Anti-dilutive securities excluded from the computation of EPS		2.0		2.1		3.6		2.1

The Company’s diluted EPS for 2017 was impacted by the adoption of the new accounting guidance issued in March 2016 that amends the calculation of diluted EPS for share-based payments to exclude excess tax benefits or deficiencies from assumed proceeds during application of the treasury stock method.