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Earnings Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic and diluted earnings per share are based on the weighted average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted earnings per share, includes the effects of dilutive RSUs, stock options and convertible securities. The effect of such potential common stock is computed using the treasury stock method or the if-converted method, as applicable. Presented below is a reconciliation, for the periods indicated, of the numerator and denominator of the basic and diluted earnings per share computation for income from continuing operations, where income represents the numerator and weighted average shares represents the denominator:
(in millions, except per share data)
2016
 
2015
Three Months Ended June 30,
Income
 
Shares
 
$ per Share
 
Income
 
Shares
 
$ per Share
BASIC EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation common stockholders
$
(103
)
 
659

 
$
(0.16
)
 
$
79

 
693

 
$
0.11

EFFECT OF DILUTIVE SECURITIES
 
 
 
 

 
 
 
 
 
 
Restricted stock units
—

 
—

 
—

 
—

 
2

 
—

DILUTED EARNINGS PER SHARE
$
(103
)
 
659

 
$
(0.16
)
 
$
79

 
695

 
$
0.11

Six Months Ended June 30,
 
 
 
 
 
 
 
 
 
 
 
BASIC EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to The AES Corporation common stockholders
$
32

 
660

 
$
0.05

 
$
228

 
698

 
$
0.33

EFFECT OF DILUTIVE SECURITIES
 
 
 
 
 
 
 
 
 
 
 
Stock options
—

 
—

 
—

 
—

 
1

 
—

Restricted stock units
—

 
2

 
—

 
—

 
2

 
—

DILUTED EARNINGS PER SHARE
$
32

 
662

 
$
0.05

 
$
228

 
701

 
$
0.33


For the three and six months ended June 30, 2016 and 2015, respectively, the calculation of diluted earnings per share excluded 8 million and 6 million outstanding stock awards which could potentially dilute basic earnings per share in the future. Additionally, for the three and six months ended June 30, 2016 and 2015, all 15 million shares of potential common stock associated with convertible debentures were omitted from the earnings per share calculation as the impact would have been anti-dilutive.
For the three months ended June 30, 2016, the calculation of diluted earnings per share also excluded 5 million outstanding restricted stock units, that could potentially dilute earnings per share in the future. These restricted units were not included in the computation of diluted earnings per share for three months ended June 30, 2016, because their impact would be anti-dilutive given the loss from continuing operations. Had the Company generated income from continuing operations in three months ended June 30, 2016, 3 million potential shares of common stock related to the restricted stock units would have been included in diluted average shares outstanding.