Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 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 December 31, used in the EPS calculation are:

	2016		2015			2014
Income (Numerator)
Income from continuing operations after income taxes	$	1,902	$	1,603		$	1,437
Less amounts allocated to participating securities	6		6			7
Income from continuing operations after income taxes available to PPL common shareowners - Basic	1,896		1,597			1,430
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	$	1,896	$	1,597		$	1,439
Income (loss) from discontinued operations (net of income taxes) available to PPL common shareowners - Basic and Diluted	$	—	$	(921	)	$	300
Net income	$	1,902	$	682		$	1,737
Less amounts allocated to participating securities	6		2			9
Net income available to PPL common shareowners - Basic	1,896		680			1,728
Plus interest charges (net of tax) related to Equity Units (a)	—		—			9
Net income available to PPL common shareowners - Diluted	$	1,896	$	680		$	1,737
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	677,592		669,814			653,504
Add incremental non-participating securities:
Share-based payment awards (b)	2,854		2,772			1,910
Equity Units (a)	—		—			10,559
Weighted-average shares - Diluted EPS	680,446		672,586			665,973

	2016		2015			2014
Basic EPS
Available to PPL common shareowners:
Income from continuing operations after income taxes	$	2.80	$	2.38		$	2.19
Income (loss) from discontinued operations (net of income taxes)	—		(1.37		)	0.45
Net Income	$	2.80	$	1.01		$	2.64
Diluted EPS
Available to PPL common shareowners:
Income from continuing operations after income taxes	$	2.79	$	2.37		$	2.16
Income (loss) from discontinued operations (net of income taxes)	—		(1.36		)	0.45
Net Income	$	2.79	$	1.01		$	2.61

(a) In 2014, the If-Converted Method was applied to the Equity Units prior to settlement. See Note 7 for additional information on the Equity Units, including the issuance of PPL common stock to settle the Purchase contracts.

(b) The Treasury Stock Method was applied to non-participating share-based payment awards.

Common Stock Issuances

For the year ended December 31, PPL issued common stock related to stock-based compensation plans and DRIP as follows (in thousands):

	2016
Stock-based compensation plans (a)	3,224
DRIP	1,562

(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 years ended December 31, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive:

	2016	2015	2014
Stock options	696	1,087	1,816
Performance units	176	36	5
Restricted stock units	—	—	31