Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Calculation of basic and diluted earnings per share

The calculation of basic and diluted earnings per common share of Cameron for each period presented was as follows (dollars and shares in millions, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012

Net income attributable to Cameron	$	189.6	$	223.6	$	478.4	$	532.2

Average shares outstanding (basic)		242.7		246.4		245.6		246.3
Common stock equivalents		1.5		1.7		1.5		1.7
Diluted shares		244.2		248.1		247.1		248.0

Basic earnings per share attributable to Cameron stockholders	$	0.78	$	0.91	$	1.95	$	2.16
Diluted earnings per share attributable to Cameron stockholders	$	0.78	$	0.90	$	1.94	$	2.15

Schedule of treasury shares

Activity in the Company’s treasury shares for the three-and nine-month periods ended September 30, 2013 and 2012 was as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012

Treasury shares at beginning of period		17,001,730			16,839,018			16,415,336			17,579,397
Purchases of treasury shares		7,677,282			100,000			9,790,737			257,200
Net change in treasury shares owned by participants in nonqualified deferred compensation plans		3,052			–			55,159			–
Treasury shares issued in satisfaction of stock option exercises and vesting of restricted stock units		(60,537	)		(488,210	)		(1,639,705	)		(1,385,789	)
Treasury shares at end of period		24,621,527			16,450,808			24,621,527			16,450,808