Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

4. Earnings Per Share

(PPL)

Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased byincremental shares that would be outstanding if potentially dilutive non-participating securities were converted to common shares as calculated using the Treasury Stock method or theIf-Converted Method, as applicable. Incremental non-participating securities that have a dilutive impact are detailed in the table below.

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for theperiods ended March 31used in the EPS calculation are:

		Three Months
		2014		2013
Income (Numerator)
Net income attributable to PPL shareowners		$	316	$	413
Less amounts allocated to participating securities			2		2
Net income available to PPL common shareowners - Basic			314		411
Plus interest charges (net of tax) related to Equity Units (a)			9		15
Net income available to PPL common shareowners - Diluted		$	323	$	426
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS			630,749		582,640
Add incremental non-participating securities:
	Share-based payment awards		1,511		810
	Equity Units (a)		31,679		71,990
	Forward sale agreements				1,580
Weighted-average shares - Diluted EPS			663,939		657,020
Basic EPS
	Net Income Available to PPL common shareowners	$	0.50	$	0.70
Diluted EPS
	Net Income Available to PPL common shareowners	$	0.49	$	0.65

(a)The If-Converted Method has been applied to the Equity Units prior to settlement.See Note 7 for additional information on the 2011 Equity Units, including the issuance of PPL common stock on May 1, 2014 to settle the 2011 Purchase Contracts.

For the periods ended March 31, PPL issued common stock relatedto stock-based compensation plans, ESOP and DRIP as follows (in thousands):

	Three Months
	2014	2013
Stock-based compensation plans (a)	1,096	446
ESOP		275
DRIP		549

(a)Includes stock options exercised, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

For the periods ended March 31, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.

	Three Months
	2014		2013
Stock options		2,540		6,589
Performance units				206
Restricted stock units		123		116