Earnings Per Share

6 Months Ended

Jun. 30, 2016

Note 14. Earnings Per Share

Basic and diluted earnings per share (“EPS”) from continuing and discontinued operations were calculated using the following:


	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
	(in millions, except per share data)

Net earnings	$	471		$	427		$	1,028		$	739
Noncontrolling interest earnings		(7	)		(21	)		(10	)		(9	)

Net earnings attributable to Mondelēz International	$	464		$	406		$	1,018		$	730


Weighted-average shares for basic EPS		1,557			1,625			1,563			1,637
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		19			18			18			17

Weighted-average shares for diluted EPS		1,576			1,643			1,581			1,654


Basic earnings per share attributable to Mondelēz International	$	0.30		$	0.25		$	0.65		$	0.45
Diluted earnings per share attributable to Mondelēz International	$	0.29		$	0.25		$	0.64		$	0.44

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options of 6.5 million for the three months and 10.2 million for the six months ended June 30, 2016 and 12.6 million for the three months 13.2 million for the six months ended June 30, 2015.