Earnings Per Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share Disclosure

19.Earnings per share

The following table reconciles net income and the weighted average ordinary shares outstanding for basic and diluted earnings per share for the periods presented:

	3 months to	3 months to	9 months to	9 months to
	September 30,	September 30,	September 30,	September 30,
	2015	2014	2015	2014
	$’M	$’M	$’M	$’M
	_________________	_________________	_________________	_________________
Income from continuing operations, net of taxes	477.1	515.8	1,054.1	1,297.2
Loss from discontinued operations1	(24.3)	(36.1)	(31.3)	(64.0)
	_________________	_________________	_________________	_________________
Numerator for basic and diluted earnings per share	452.8	479.7	1,022.8	1,233.2
	_________________	_________________	_________________	_________________
Weighted average number of shares:
	Millions	Millions	Millions	Millions
	_________________	_________________	_________________	_________________
Basic 1	590.9	587.6	590.2	586.1
Effect of dilutive shares:
Share-based awards to employees 2	2.5	5.0	3.0	6.0
	_________________	_________________	_________________	_________________
Diluted	593.4	592.6	593.2	592.1
	_________________	_________________	_________________	_________________

1. Excludes shares purchased by the EBT and presented by Shire as treasury stock.

2. Calculated using the treasury stock method.

The share equivalents not included in the calculation of the diluted weighted average number of shares are shown below:

	3 months to	3 months to	9 months to	9 months to
	September 30,	September 30,	September 30,	September 30,
	2015	2014	2015	2014
	No. of shares	No. of shares	No. of shares	No. of shares
	Millions	Millions	Millions	Millions
	_________________	_________________	_________________	_________________
Share-based awards to employees1	3.9	0.3	3.3	0.3
	_________________	_________________	_________________	_________________

• Certain stock options have been excluded from the calculation of diluted EPS because (a) their exercise prices exceeded Shire plc's average share price during the calculation period or (b) the required performance conditions were not satisfied as at the balance sheet date.