Per Share Data

9 Months Ended

Sep. 30, 2020

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 September 30,				Nine Months Ended September 30,
(In millions, except per share amounts)	2020		2019		2020		2019
Net income before non-controlling interests	$	320	$	306	$	1,667	$	1,377
Less: Net income attributable to non-controlling interests	4		3		25		26
Net income attributable to the Company	$	316	$	303	$	1,642	$	1,351
Basic weighted average common shares outstanding	507		506		506		506
Dilutive effect of potentially issuable common shares	5		5		5		5
Diluted weighted average common shares outstanding	512		511		511		511
Average stock price used to calculate common stock equivalents	$	114.64	$	99.97	$	107.64	$	94.75