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Per Share Data
9 Months Ended
Sep. 30, 2015
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 September 30,
 
Nine Months Ended
September 30,
(In millions, except per share figures)
2015

 
2014

 
2015

 
2014

Net income from continuing operations
$
329

 
$
305

 
$
1,256

 
$
1,202

Less: Net income attributable to non-controlling interests
8

 
7

 
31

 
27

 
$
321

 
$
298

 
$
1,225

 
$
1,175

Basic weighted average common shares outstanding
528

 
544

 
534

 
547

Dilutive effect of potentially issuable common shares
5

 
7

 
6

 
7

Diluted weighted average common shares outstanding
533

 
551

 
540

 
554

Average stock price used to calculate common stock equivalents
$
55.80

 
$
52.15

 
$
56.64

 
$
49.89


There were 15.5 million and 19.3 million stock options outstanding as of September 30, 2015 and 2014, respectively.