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Per Share Data
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data
Basic net income per share attributable to the Company and income from continuing operations per share are calculated by dividing the respective after-tax income by the weighted average number of outstanding shares of the Company’s common stock.
Diluted net income per share attributable to the Company and income from continuing operations per share are calculated by dividing the respective after-tax income by the weighted average number of outstanding shares of the Company’s common stock, which have been adjusted for the dilutive effect of potentially issuable common shares. Reconciliations of the applicable income components used for diluted EPS - Continuing operations and basic weighted average common shares outstanding to diluted weighted average common shares outstanding are presented below. The reconciling items related to the calculation of diluted weighted average common shares outstanding are the same for net income attributable to the Company.
 
Basic and Diluted EPS Calculation - Continuing Operations
 
Three Months Ended
March 31,
(In millions, except per share figures)
 
2014

 
2013

Net income from continuing operations
 
$
457

 
$
412

Less: Net income attributable to non-controlling interests
 
13

 
11

 
 
$
444

 
$
401

Basic weighted average common shares outstanding
 
548

 
548

Dilutive effect of potentially issuable common shares
 
8

 
9

Diluted weighted average common shares outstanding
 
556

 
557

Average stock price used to calculate common stock equivalents
 
$
47.84

 
$
36.21


There were 21.6 million and 28.9 million stock options outstanding as of March 31, 2014 and 2013, respectively.