XML 24 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Per Share Data
9 Months Ended
Sep. 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 components used to calculate basic and diluted EPS - Continuing operations are presented below. The reconciling items related to the EPS calculation of net income attributable to the Company is the same for both basic and diluted EPS.
Basic and Diluted EPS Calculation - Continuing Operations
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In millions, except per share amounts)
2016

 
2015

 
2016

 
2015

Net income from continuing operations
$
384

 
$
329

 
$
1,354

 
$
1,256

Less: Net income attributable to non-controlling interests
5

 
8

 
22

 
31

 
$
379

 
$
321

 
$
1,332

 
$
1,225

Basic weighted average common shares outstanding
518

 
528

 
520

 
534

Dilutive effect of potentially issuable common shares
5

 
5

 
5

 
6

Diluted weighted average common shares outstanding
523

 
533

 
525

 
540

Average stock price used to calculate common stock equivalents
$
66.98

 
$
55.80

 
$
62.33

 
$
56.64


There were 13.6 million and 15.5 million stock options outstanding as of September 30, 2016 and 2015, respectively.