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Earnings Per Share
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The calculations of earnings per share are as follows:
 Three Months Ended
September 30,
Nine Months Ended
September 30,
($ and shares in millions except per share amounts)2021202020212020
Net Income from Continuing Operations Attributable to Merck & Co., Inc.$4,567 $2,324 $8,525 $7,136 
Income from Discontinued Operations, Net of Taxes and Amounts Attributable to Noncontrolling Interests— 617 766 2,025 
Net Income Attributable to Merck & Co., Inc.$4,567 $2,941 $9,291 $9,161 
Average common shares outstanding2,530 2,529 2,531 2,530 
Common shares issuable (1)
11 
Average common shares outstanding assuming dilution 2,536 2,538 2,539 2,541 
Basic Earnings per Common Share Attributable to Merck & Co., Inc. Common Shareholders:
Income from Continuing Operations$1.81 $0.92 $3.37 $2.82 
Income from Discontinued Operations— 0.24 0.30 0.80 
Net Income$1.81 $1.16 $3.67 $3.62 
Earnings per Common Share Assuming Dilution Attributable to Merck & Co., Inc. Common Shareholders:
Income from Continuing Operations$1.80 $0.92 $3.36 $2.81 
Income from Discontinued Operations— 0.24 0.30 0.80 
Net Income$1.80 $1.16 $3.66 $3.61 
(1)Issuable primarily under share-based compensation plans.
For the third quarter of 2021 and 2020, 8 million and 5 million, respectively, and for the first nine months of 2021 and 2020, 10 million and 5 million, respectively, of common shares issuable under share-based compensation plans were excluded from the computation of earnings per common share assuming dilution because the effect would have been antidilutive.