Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

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 September 30 used in the EPS calculation are:

	Three Months					Nine Months
	2016		2015			2016		2015
Income (Numerator)
Income from continuing operations after income taxes	$	473	$	396		$	1,437	$	1,198
Less amounts allocated to participating securities	1		2			4		5
Income from continuing operations after income taxes available to PPL common shareowners - Basic and Diluted	$	472	$	394		$	1,433	$	1,193
Income (loss) from discontinued operations (net of income taxes) available to PPL common shareowners - Basic and Diluted	$	—	$	(3	)	$	—	$	(915	)
Net income	$	473	$	393		$	1,437	$	283
Less amounts allocated to participating securities	1		2			4		1
Net income available to PPL common shareowners - Basic and Diluted	$	472	$	391		$	1,433	$	282
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	678,114		670,763			676,905		668,731
Add incremental non-participating securities:
Share-based payment awards	2,234		2,939			3,064		2,523
Weighted-average shares - Diluted EPS	680,348		673,702			679,969		671,254
Basic EPS
Available to PPL common shareowners:
Income from continuing operations after income taxes	$	0.70	$	0.59		$	2.12	$	1.78
Income (loss) from discontinued operations (net of income taxes)	—		(0.01		)	—		(1.36		)
Net Income	$	0.70	$	0.58		$	2.12	$	0.42
Diluted EPS
Available to PPL common shareowners:
Income from continuing operations after income taxes	$	0.69	$	0.59		$	2.11	$	1.78
Income (loss) from discontinued operations (net of income taxes)	—		(0.01		)	—		(1.36		)
Net Income	$	0.69	$	0.58		$	2.11	$	0.42

Common Stock Issuances

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

	Three Months		Nine Months
	2016	2015	2016	2015
Stock-based compensation plans (a)	248	1,368	3,168	3,805
DRIP	761	475	1,533	1,318

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

	Three Months		Nine Months
	2016	2015	2016	2015
Stock options	696	1,484	696	1,218
Performance units	316	—	210	49