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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

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 periods indicated is as follows:

			Three Months Ended March 31,
			2021																		2020
			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)			$	2,804																	$	(270)
Less: Income (loss) attributable to noncontrolling interests			(24)																		1
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards			44																		5
Net income (loss) attributable to Prudential Financial available to holders of Common Stock			$	2,784					396.3						$	7.02					$	(276)					397.0						$	(0.70)
Effect of dilutive securities and compensation programs
Add: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Basic			$	44																	$	5
Less: Dividends and undistributed earnings allocated to participating unvested share-based payment awards—Diluted			44																		5
Stock options									0.6																		0.0
Deferred and long-term compensation programs									1.9																		0.0
Diluted earnings per share(1)
Net income (loss) attributable to Prudential Financial available to holders of Common Stock			$	2,784					398.8						$	6.98					$	(276)					397.0						$	(0.70)

__________ 

(1)For the three months ended March 31, 2020, weighted average shares for basic earnings per share is also used for calculating diluted earnings per share because dilutive shares and dilutive earnings per share are not applicable when a net loss is reported. As a result of the net loss attributable to Prudential Financial available to holders of Common Stock for the three months ended March 31, 2020, all potential stock options and compensation programs were considered antidilutive.

Earnings Per Share Computation

For the periods indicated, 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:

			Three Months Ended March 31,
			2021												2020
			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			2.1						$	97.46					2.3						$	87.62
Antidilutive stock options due to net loss available to holders of Common Stock			0.0												0.9
Antidilutive shares based on application of the treasury stock method			0.0												0.2
Antidilutive shares due to net loss available to holders of Common Stock			0.0												1.7
Total antidilutive stock options and shares			2.1												5.1

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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