Earnings Per Common Share

3 Months Ended

Jun. 30, 2020

Basic earnings per common share are computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per common share are computed similar to basic earnings per common share except that the former reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.

The computations for basic and diluted earnings or loss per common share are as follows:


	Three Months Ended June 30,
(In millions, except per share amounts)	2020		2019
Income from continuing operations	$	495	$	483
Net income attributable to noncontrolling interests	(50)		(54)
Income from continuing operations attributable to McKesson	445		429
Loss from discontinued operations, net of tax	(1)		(6)
Net income attributable to McKesson	$	444	$	423

Weighted-average common shares outstanding:
Basic	162		188
Effect of dilutive securities:
Restricted stock units	1		1
Diluted	163		189

Earnings (loss) per common share attributable to McKesson: ⁽¹⁾
Diluted
Continuing operations	$	2.72	$	2.27
Discontinued operations	—		(0.03)
Total	$	2.72	$	2.24
Basic
Continuing operations	$	2.74	$	2.28
Discontinued operations	—		(0.03)
Total	$	2.74	$	2.25

(1)Certain computations may reflect rounding adjustments.

Potentially dilutive securities include outstanding stock options, restricted stock units and performance-based and other restricted stock units. Approximately 3 million of potentially dilutive securities for the three months ended June 30, 2020 and 2019 were excluded from the computations of diluted net earnings per common share as they were anti-dilutive.