EARNINGS PER SHARE (EPS) (Tables)

12 Months Ended

Dec. 31, 2016

Years Ended December 31,
(dollars in millions, except per share data)		2016		2015		2014
Numerator for EPS:
Income (loss) from continuing operations	$	(259)	$	2,222	$	7,574
Less: Net income (loss) from continuing operations attributable to noncontrolling interests		500		26		(5)
income (loss) attributable to AIG common shareholders from continuing operations		(759)		2,196		7,579
Income (loss) from discontinued operations, net of income tax expense		(90)		-		(50)
Net income (loss) attributable to AIG common shareholders	$	(849)	$	2,196	$	7,529
Denominator for EPS:
Weighted average shares outstanding — basic		1,091,085,131		1,299,825,350		1,427,959,799
Dilutive shares		-		34,639,533		19,593,853
Weighted average shares outstanding — diluted^(a)(b)		1,091,085,131		1,334,464,883		1,447,553,652
Income (loss) per common share attributable to AIG:
Basic:
Income (loss) from continuing operations	$	(0.70)	$	1.69	$	5.31
Income from discontinued operations	$	(0.08)	$	-	$	(0.04)
Income (loss) attributable to AIG	$	(0.78)	$	1.69	$	5.27
Diluted:
Income (loss) from continuing operations	$	(0.70)	$	1.65	$	5.24
Income from discontinued operations	$	(0.08)	$	-	$	(0.04)
Income (loss) attributable to AIG	$	(0.78)	$	1.65	$	5.20

(a) Shares in the diluted EPS calculation represent basic shares for 2016 due to the net loss in that period. The shares excluded from the calculation were 30,326,772 shares.

(b) Dilutive shares included our share-based employee compensation plans and a weighted average portion of the warrants issued to AIG shareholders as part of AIG’s recapitalization in January 2011. The number of shares excluded from diluted shares outstanding were 0.2 million, 0.2 million and 0.3 million for the years ended December 31, 2016, 2015 and 2014, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.