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Earnings Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share

Note 14.  Earnings Per Share

Basic and diluted earnings per share (“EPS”) were calculated as follows:

 

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

Net earnings

    $ 548       $ 7,268       $ 1,576       $ 8,007   

Noncontrolling interest earnings

      –         (2 )       (10 )       (11 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net earnings attributable to
Mondelēz International

    $ 548       $ 7,266       $ 1,566       $ 7,996   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average shares for basic EPS

      1,557         1,609         1,561         1,627   

Plus incremental shares from assumed conversions
of stock options and long-term incentive plan shares

      19         20         18         19   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average shares for diluted EPS

      1,576         1,629         1,579         1,646   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share attributable to
Mondelēz International

    $ 0.35       $ 4.52       $ 1.00       $ 4.91   

Diluted earnings per share attributable to
Mondelēz International

    $ 0.35       $ 4.46       $ 0.99       $ 4.86   

 

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded antidilutive stock options of 4.3 million for the three months and 7.7 million for the nine months ended September 30, 2016 and less than 1 million for the three months and 10.8 million for the nine months ended September 30, 2015.