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Per Share Data
6 Months Ended
Jun. 30, 2016
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 attributable to common shares 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 attributable to common shares 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)
2016

 
2015

 
2016

 
2015

Net income from continuing operations
$
480

 
$
429

 
$
970

 
$
927

Less: Net income attributable to non-controlling interests
8

 
10

 
17

 
23

 
$
472

 
$
419

 
$
953

 
$
904

Basic weighted average common shares outstanding
521

 
535

 
521

 
537

Dilutive effect of potentially issuable common shares
4

 
6

 
5

 
6

Diluted weighted average common shares outstanding
525

 
541

 
526

 
543

Average stock price used to calculate common stock equivalents
$
64.17

 
$
57.75

 
$
60.01

 
$
57.06


There were 13.9 million and 16.2 million stock options outstanding as of June 30, 2016 and 2015, respectively.