Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

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:

	2020		2019		2018
Income (Numerator)
Net income	$	1,469	$	1,746	$	1,827
Less amounts allocated to participating securities	1		1		2
Net income available to PPL common shareowners - Basic and Diluted	$	1,468	$	1,745	$	1,825
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	768,590		728,512		704,439
Add incremental non-participating securities:
Share-based payment awards (a)	794		1,101		445
Forward sale agreements	—		7,141		3,735
Weighted-average shares - Diluted EPS	769,384		736,754		708,619
Basic EPS
Net Income available to PPL common shareowners	$	1.91	$	2.39	$	2.59
Diluted EPS
Net Income available to PPL common shareowners	$	1.91	$	2.37	$	2.58

(a)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):

	2020
Stock-based compensation plans (a)	731
DRIP	943

(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:

	2020	2019	2018
Stock-based compensation awards	452	8	183