XML 79 R27.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Net Earnings Per Share From Continuing Operations | 12 Months Ended
--- | ---
Dec. 31, 2019
Earnings Per Share [Abstract] |
Net Earnings Per Share From Continuing Operations | NET EARNINGS PER SHARE FROM CONTINUING OPERATIONS Basic net earnings per share (“EPS”) from continuing operations is calculated by taking net earnings from continuing operations less the MCPS dividends divided by the weighted average number of common shares outstanding for the applicable period. Diluted net EPS from continuing operations is computed based on the weighted average number of common shares outstanding increased by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued and reduced by the number of shares the Company could have repurchased with the proceeds from the issuance of the potentially dilutive shares. For the year ended December 31, 2019, no options to purchase shares were excluded from the diluted earnings per share calculation. For the years ended December 31, 2018 and 2017, 1 million and 4 million options to purchase shares, respectively, were not included in the diluted earnings per share calculation as the impact of their inclusion would have been anti-dilutive. The impact of the MCPS calculated under the if-converted method was anti-dilutive, and as such 10 million shares underlying the MCPS (assuming a conversion ratio based on the December 31, 2019 share price) were excluded from the diluted EPS calculation for the year ended December 31, 2019. Information related to the calculation of net earnings from continuing operations per share of common stock for the years ended December 31 is summarized as follows ($ and shares in millions, except per share amounts):
| 2019 |  | 2018 |  | 2017
Numerator: |  |  |  |  |
Net earnings from continuing operations | $ | 2,432.3 |  |  | $ | 2,406.3 |  |  | $ | 2,172.2 |
MCPS dividends | (68.4 | ) |  | — |  |  | — |
Net earnings from continuing operations attributable to common stockholders for Basic EPS | 2,363.9 |  |  | 2,406.3 |  |  | 2,172.2 |
Adjustment for interest on convertible debentures | 1.6 |  |  | 2.2 |  |  | 2.1 |
Net earnings from continuing operations attributable to common stockholders after assumed conversions for Diluted EPS | $ | 2,365.5 |  |  | $ | 2,408.5 |  |  | $ | 2,174.3 |
Denominator: |  |  |  |  |
Weighted average common shares outstanding used in Basic EPS | 715.0 |  |  | 700.6 |  |  | 695.8 |
Incremental common shares from: |  |  |  |  |
Assumed exercise of dilutive options and vesting of dilutive RSUs and PSUs | 8.9 |  |  | 7.2 |  |  | 7.5 |
Assumed conversion of the convertible debentures | 1.6 |  |  | 2.4 |  |  | 2.8 |
Weighted average common shares outstanding used in Diluted EPS | 725.5 |  |  | 710.2 |  |  | 706.1 |
Basic EPS from continuing operations | $ | 3.31 |  |  | $ | 3.43 |  |  | $ | 3.12 |
Diluted EPS from continuing operations | $ | 3.26 |  |  | $ | 3.39 |  |  | $ | 3.08 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration