XML 68 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Per Share Data
6 Months Ended
Jun. 30, 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
June 30,
 
Six Months Ended
June 30,
(In millions, except per share figures)
2014

 
2013

 
2014

 
2013

Net income from continuing operations
$
440

 
$
400

 
$
897

 
$
812

Less: Net income attributable to non-controlling interests
7

 
7

 
20

 
18

 
$
433

 
$
393

 
$
877

 
$
794

Basic weighted average common shares outstanding
549

 
551

 
548

 
549

Dilutive effect of potentially issuable common shares
7

 
8

 
8

 
9

Diluted weighted average common shares outstanding
556

 
559

 
556

 
558

Average stock price used to calculate common stock equivalents
$
49.67

 
$
39.15

 
$
48.75

 
$
37.68


There were 20.6 million and 26.5 million stock options outstanding as of June 30, 2014 and 2013, respectively.