Earnings Per Share

12 Months Ended

Dec. 31, 2015

EARNINGS PER SHARE

The following table presents the calculation of Dominion's basic and diluted EPS:



	2015		2014		2013
(millions, except EPS)
Net income attributable to Dominion	$	1,899	$	1,310	$	1,697
Average shares of common stock outstanding-Basic	592.4		582.7		578.7
Net effect of dilutive securities⁽¹⁾	1.3		1.8		0.8
Average shares of common stock outstanding-Diluted	593.7		584.5		579.5
Earnings Per Common Share-Basic	$	3.21	$	2.25	$	2.93
Earnings Per Common Share-Diluted	$	3.20	$	2.24	$	2.93


(1)	Dilutive securities consist primarily of the 2013 Equity Units for 2015, the 2013 Equity Units and contingently convertible senior notes for 2014, and contingently convertible senior notes for 2013. Dominion redeemed all of its contingently convertible senior notes in 2014. See Note 17 for more information.

The 2014 Equity Units are potentially dilutive securities but were excluded from the calculation of diluted EPS for the year ended December 31, 2015 as inclusion would have been antidilutive. The 2014 Equity Units were excluded from the calculation of diluted EPS for the year ended December 31, 2014, as the dilutive stock price threshold was not met. The 2013 Equity Units are potentially dilutive securities but were excluded from the calculation of diluted EPS for the year ended December 31, 2013. See Note 17 for more information.