Earnings Per Share

3 Months Ended

Mar. 31, 2016

EARNINGS PER SHARE

DTE Energy reports both basic and diluted earnings per share. The calculation of diluted earnings per share assumes the issuance of potentially dilutive common shares outstanding during the period from the exercise of stock options. A reconciliation of both calculations is presented in the following table:



	Three Months Ended March 31,
	2016		2015
	(In millions, except per share amounts)
Basic Earnings per Share
Net Income Attributable to DTE Energy Company	$	247	$	273
Average number of common shares outstanding	179		178
Dividends declared — common shares	$	131	$	123
Dividends declared — net restricted shares	—		1
Total distributed earnings	$	131	$	124
Net Income less distributed earnings	$	116	$	149
Distributed (dividends per common share)	$	0.73	$	0.69
Undistributed	0.65		0.84
Total Basic Earnings per Common Share	$	1.38	$	1.53
Diluted Earnings per Share
Net Income Attributable to DTE Energy Company	$	247	$	273
Average number of common shares outstanding	180		178
Dividends declared — common shares	$	131	$	123
Dividends declared — net restricted shares	—		1
Total distributed earnings	$	131	$	124
Net Income less distributed earnings	$	116	$	149
Distributed (dividends per common share)	$	0.73	$	0.69
Undistributed	0.64		0.84
Total Diluted Earnings per Common Share	$	1.37	$	1.53