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Per Common Share Information
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Per Common Share Information Per Common Share Information
Diluted earnings per common share is calculated using net income divided by diluted weighted-average shares. Diluted weighted-average shares include weighted-average shares outstanding plus the dilutive effect of share-based compensation, calculated using the treasury stock method, of 8.2 million shares and 6.3 million shares for the quarters 2017 and 2016, respectively, and 7.6 million shares and 7.1 million shares for the nine months 2017 and 2016, respectively. Stock options that would have been antidilutive, and therefore were not included in the calculation of diluted weighted-average shares, totaled 0.1 million shares and 4.2 million shares for the quarters 2017 and 2016, respectively, and 0.7 million shares and 1.2 million shares for the nine months 2017 and 2016, respectively.
In September 2017, McDonald's Board of Directors declared a fourth quarter dividend of $1.01 per share of common stock, resulting in $797.4 million of dividends payable in December 2017.