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Per Share Data
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data
Basic net income per share attributable to the Company is calculated by dividing the after-tax income attributable to the Company by the weighted average number of outstanding shares of the Company’s common stock.
Diluted net income per share attributable to the Company is calculated by dividing the after-tax income attributable to the Company 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.
Basic and Diluted EPS Calculation
Three Months Ended
March 31,
(In millions, except per share amounts)
2018

 
2017

Net income before non-controlling interests
$
696

 
$
578

Less: Net income attributable to non-controlling interests
6

 
9

Net income attributable to the Company
$
690

 
$
569

Basic weighted average common shares outstanding
508

 
515

Dilutive effect of potentially issuable common shares
6

 
7

Diluted weighted average common shares outstanding
514

 
522

Average stock price used to calculate common stock equivalents
$
82.83

 
$
71.32


There were 10.6 million and 12.8 million stock options outstanding as of March 31, 2018 and 2017, respectively.