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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share  
Reconciliation of basic and diluted earnings per common share

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

In millions, except per share amounts

 

2012

 

2011

 

2012

 

2011

Numerators for earnings per common share calculations:

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

 966 

 

$

 813

 

$

 1,742 

 

$

 1,522

Net loss attributable to noncontrolling interest

 

 

1

 

 

2

Income from continuing operations attributable to CVS Caremark

 

967 

 

814

 

1,744 

 

1,524

Loss from discontinued operations, net of tax

 

(1)

 

2

 

(2)

 

5

Net income attributable to CVS Caremark, basic and diluted

 

$

 966 

 

$

 816

 

$

 1,742 

 

$

 1,529

 

 

 

 

 

 

 

 

 

Denominators for earnings per common share calculations:

 

 

 

 

 

 

 

 

Weighted average common shares, basic

 

1,278 

 

1,355

 

1,289 

 

1,359

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Stock options

 

 

7

 

 

8

Restricted stock units

 

 

2

 

 

1

Weighted average common shares, diluted

 

1,287 

 

1,364

 

1,298 

 

1,368

Basic earnings per common share:

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$

 0.76 

 

$

 0.60

 

$

 1.35 

 

$

 1.12

Loss from discontinued operations attributable to CVS Caremark

 

— 

 

 

— 

 

Net income attributable to CVS Caremark

 

$

 0.76 

 

$

 0.60

 

$

 1.35 

 

$

 1.13

Diluted earnings per common share:

 

 

 

 

 

 

 

 

Income from continuing operations attributable to CVS Caremark

 

$

 0.75 

 

$

 0.60

 

$

 1.34 

 

$

 1.11

Loss from discontinued operations attributable to CVS Caremark

 

¾ 

 

¾

 

¾ 

 

¾

Net income attributable to CVS Caremark

 

$

 0.75 

 

$

 0.60

 

$

 1.34 

 

$

 1.12