EARNINGS PER SHARE (EPS) (Tables)

12 Months Ended

Dec. 31, 2017

Years Ended December 31,
(dollars in millions, except per share data)		2017		2016		2015
Numerator for EPS:
Income (loss) from continuing operations	$	(6,060)	$	(259)	$	2,222
Less: Net income from continuing operations attributable to noncontrolling interests		28		500		26
Income (loss) attributable to AIG common shareholders from continuing operations		(6,088)		(759)		2,196
Income (loss) from discontinued operations, net of income tax expense		4		(90)		-
Net income (loss) attributable to AIG common shareholders	$	(6,084)	$	(849)	$	2,196
Denominator for EPS:
Weighted average shares outstanding — basic		930,561,286		1,091,085,131		1,299,825,350
Dilutive shares		-		-		34,639,533
Weighted average shares outstanding — diluted^(a)(b)		930,561,286		1,091,085,131		1,334,464,883
Income (loss) per common share attributable to AIG:
Basic:
Income (loss) from continuing operations	$	(6.54)	$	(0.70)	$	1.69
Income from discontinued operations	$	-	$	(0.08)	$	-
Income (loss) attributable to AIG	$	(6.54)	$	(0.78)	$	1.69
Diluted:
Income (loss) from continuing operations	$	(6.54)	$	(0.70)	$	1.65
Income from discontinued operations	$	-	$	(0.08)	$	-
Income (loss) attributable to AIG	$	(6.54)	$	(0.78)	$	1.65

(a) Shares in the diluted EPS calculation represent basic shares for 2017 and 2016 due to the net losses in those periods. The shares excluded from the calculation were 22,412,682 shares and 30,326,772 shares for the years ended December 31, 2017 and 2016, respectively.

(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 1.7 million, 0.2 million and 0.2 million for the years ended December 31, 2017, 2016 and 2015, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.