Net Earnings per Share

3 Months Ended

Mar. 31, 2020

The basic weighted average shares and common stock equivalents for the three months ended March 31, 2020 and 2019, were computed using the treasury stock method.

The following table summarizes net earnings and net earnings per share attributable to FIS common stockholders for the three months ended March 31, 2020 and 2019 (in millions, except per share amounts):


	Three months ended March 31,
	2020		2019
Net earnings attributable to FIS common stockholders	$	15	$	148
Weighted average shares outstanding-basic	616		323
Plus: Common stock equivalent shares	9		3
Weighted average shares outstanding-diluted	625		326
Net earnings per share-basic attributable to FIS common stockholders	$	0.02	$	0.46
Net earnings per share-diluted attributable to FIS common stockholders	$	0.02	$	0.45

Options to purchase approximately less than 1 million and 1 million shares of our common stock for the three months ended March 31, 2020 and 2019, respectively, were not included in the computation of diluted earnings per share because they were anti-dilutive.

On July 20, 2017, our Board of Directors approved a plan authorizing repurchases of up to $4.0 billion of our outstanding common stock in the open market at prevailing market prices or in privately negotiated transactions through December 31, 2020. This share repurchase authorization replaced any existing share repurchase authorization. Approximately $2.3 billion of plan capacity remained available for repurchases as of March 31, 2020. Management temporarily suspended share repurchases as a result of the Worldpay transaction to accelerate debt repayment.