Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Basic and Diluted EPS Computations

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended June 30 used in the EPS calculation are:

			Three Months				Six Months
			2015		2014		2015		2014
Income (Numerator)
Income from continuing operations after income taxes			$	250	$	230	$	802	$	619
Less amounts allocated to participating securities				1		1		2		3
Income from continuing operations after income taxes available to PPL
	common shareowners - Basic			249		229		800		616
Plus interest charges (net of tax) related to Equity Units (a)										9
Income from continuing operations after income taxes available to PPL
	common shareowners - Diluted		$	249	$	229	$	800	$	625
Income (loss) from discontinued operations (net of income taxes) available
	to PPL common shareowners - Basic and Diluted		$	(1,007)	$	(1)	$	(912)	$	(74)
Net income (loss)			$	(757)	$	229	$	(110)	$	545
Less amounts allocated to participating securities				1		1		2		3
Net income (loss) available to PPL common shareowners - Basic				(758)		228		(112)		542
Plus interest charges (net of tax) related to Equity Units (a)										9
Net income (loss) available to PPL common shareowners - Diluted			$	(758)	$	228	$	(112)	$	551
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS				668,415		653,132		667,698		642,002
Add incremental non-participating securities:
		Share-based payment awards		2,871		2,100		2,315		1,806
		Equity Units (a)				10,560				21,119
Weighted-average shares - Diluted EPS				671,286		665,792		670,013		664,927
Basic EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	0.37	$	0.35	$	1.20	$	0.96
		Income (loss) from discontinued operations (net of income taxes)		(1.50)				(1.37)		(0.12)
		Net Income (Loss) Available to PPL common shareowners	$	(1.13)	$	0.35	$	(0.17)	$	0.84
Diluted EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	0.37	$	0.34	$	1.19	$	0.94
		Income (loss) from discontinued operations (net of income taxes)		(1.50)				(1.36)		(0.11)
		Net Income (Loss) Available to PPL common shareowners	$	(1.13)	$	0.34	$	(0.17)	$	0.83

(a)In 2014, the If-Converted Method was applied to the Equity Units prior to the March 2014 settlement.

Common Stock Issuances

For the periods ended June 30, PPL issued common stock related to stock-based compensation plans as follows (in thousands):

	Three Months				Six Months
	2015		2014		2015		2014
Stock-based compensation plans (a)		992		922		2,437		2,018
DRIP		424				843

(a)Includes stock options exercised, vesting of performance units, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

Antidilutive Securities Excluded From Diluted EPS

For the periods ended June 30, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.

	Three Months				Six Months
	2015		2014		2015		2014
Stock options		348		790		1,085		2,060
Performance units				1		73		1
Restricted stock units								61