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 are the same for both basic and diluted EPS.



Basic and Diluted EPS Calculation	Three Months Ended March 31,
(In millions, except per share amounts)	2017		2016
Net income before non-controlling interests	$	578	$	490
Less: Net income attributable to non-controlling interests	9		9
Net income attributable to the Company	$	569	$	481
Basic weighted average common shares outstanding	515		521
Dilutive effect of potentially issuable common shares	7		5
Diluted weighted average common shares outstanding	522		526
Average stock price used to calculate common stock equivalents	$	71.32	$	55.86

There were 12.8 million and 14.6 million stock options outstanding as of March 31, 2017 and 2016, respectively.