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Per Share Data
3 Months Ended
Mar. 31, 2019
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)
2019

 
2018

Net income before non-controlling interests
$
727

 
$
696

Less: Net income attributable to non-controlling interests
11

 
6

Net income attributable to the Company
$
716

 
$
690

Basic weighted average common shares outstanding
505

 
508

Dilutive effect of potentially issuable common shares
6

 
6

Diluted weighted average common shares outstanding
511

 
514

Average stock price used to calculate common stock equivalents
$
88.54

 
$
82.83