XML 53 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Common Share
 3 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share
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 it 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 per common share are as follows:
  
Quarter Ended June 30,
(In millions, except per share amounts)
2014
 
2013
Income from continuing operations
$
425

 
$
428

Net income attributable to noncontrolling interests
(8
)
 
—

Income from continuing operations attributable to McKesson
417

 
428

Loss from discontinued operations, net of tax
(14
)
 
(4
)
Net income attributable to McKesson
$
403

 
$
424

 
 
 
 
Weighted average common shares outstanding:
 
 
 
Basic
231

 
227

Effect of dilutive securities:
 
 
 
Options to purchase common stock
2

 
2

Restricted stock units
2

 
3

Diluted
235

 
232

 
 
 
 
Earnings (loss) per common share attributable to McKesson: (1)
 
 
 
Diluted
 
 
 
Continuing operations
$
1.78

 
$
1.84

Discontinued operations
(0.06
)
 
(0.01
)
Total
$
1.72

 
$
1.83

Basic
 
 
 
Continuing operations
$
1.81

 
$
1.88

Discontinued operations
(0.06
)
 
(0.02
)
Total
$
1.75

 
$
1.86


(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 2 million and 3 million potentially dilutive securities were excluded from the computations of diluted net earnings per common share for the quarters ended June 30, 2014 and 2013, as they were anti-dilutive.