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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per common share.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

(In millions, except per share amounts)

 

Net income attributable to McDermott

$

47

 

 

$

36

 

 

$

82

 

 

$

58

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock (basic)

 

144

 

 

 

94

 

 

 

120

 

 

 

87

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tangible equity units

 

-

 

 

 

-

 

 

 

-

 

 

 

6

 

Stock options, restricted stock and restricted stock units

 

-

 

 

 

-

 

 

 

-

 

 

 

1

 

Potential dilutive common stock

 

144

 

 

 

94

 

 

 

120

 

 

 

94

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to McDermott

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

$

0.33

 

 

$

0.38

 

 

$

0.68

 

 

$

0.67

 

Diluted:

$

0.33

 

 

$

0.38

 

 

$

0.68

 

 

$

0.62