v3.8.0.1
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Reconciliation of Earnings Per Share
A reconciliation of the numerators and denominators of the basic and diluted per share computations of Common Stock based on the consolidated earnings of Prudential Financial for the years ended December 31, is as follows:
 
 
 
2017
 
2016
 
2015
 
 
Income
 
Weighted
Average
Shares
 
Per Share
Amount
 
Income
 
Weighted
Average
Shares

 
Per Share
Amount
 
Income
 
Weighted
Average
Shares
 
Per Share
Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in millions, except per share amounts)
Basic earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
7,974

 
 
 
 
 
$
4,419

 
 
 
 
 
$
5,712

 
 
 
 
Less: Income (loss) attributable to noncontrolling interests
 
111

 
 
 
 
 
51

 
 
 
 
 
70

 
 
 
 
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards
 
95

 
 
 
 
 
50

 
 
 
 
 
55

 
 
 
 
Net income (loss) attributable to Prudential Financial available to holders of Common Stock
 
$
7,768

 
427.0

 
$
18.19

 
$
4,318

 
438.2

 
$
9.85

 
$
5,587

 
451.7

 
$
12.37

Effect of dilutive securities and compensation programs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic
 
$
95

 
 
 
 
 
$
50

 
 
 
 
 
$
55

 
 
 
 
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted
 
94

 
 
 
 
 
49

 
 
 
 
 
54

 
 
 
 
Stock options
 
 
 
2.1

 
 
 
 
 
1.8

 
 
 
 
 
2.3

 
 
Deferred and long-term compensation programs
 
 
 
1.1

 
 
 
 
 
0.9

 
 
 
 
 
0.9

 
 
Exchangeable Surplus Notes
 
17

 
5.8

 
 
 
17

 
5.7

 
 
 
17

 
5.5

 
 
Diluted earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to Prudential Financial available to holders of Common Stock
 
$
7,786

 
436.0

 
$
17.86

 
$
4,336

 
446.6

 
$
9.71

 
$
5,605

 
460.4

 
$
12.17



Earnings Per Share Computation
For the years ended December 31, the number of stock options and shares related to deferred and long-term compensation programs that were considered antidilutive and were excluded from the computation of diluted earnings per share, weighted for the portion of the period they were outstanding, are as follows:
 
 
2017
 
2016
 
2015
 
 
Shares
 
Exercise
Price Per
Share
 
Shares
 
Exercise
Price Per
Share
 
Shares
 
Exercise
Price Per
Share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in millions, except per share amounts, based on
weighted average)
Antidilutive stock options based on application of the treasury stock method
 
0.3

 
$
110.18

 
2.7

 
$
83.97

 
2.4

 
$
87.97

Antidilutive stock options due to net loss available to holders of Common Stock
 
0.0

 
 
 
0.0

 
 
 
0.0

 
 
Antidilutive shares based on application of the treasury stock method
 
0.1

 
 
 
0.0

 
 
 
0.0

 
 
Antidilutive shares due to net loss available to holders of Common Stock
 
0.0

 
 
 
0.0

 
 
 
0.0

 
 
Total antidilutive stock options and shares
 
0.4

 
 
 
2.7

 
 
 
2.4