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Earnings Per Share
 12 Months Ended
Dec. 31, 2017
Earnings Per Share

NOTE 4 - EARNINGS PER SHARE

The computations of UAL’s basic and diluted earnings per share are set forth below for the years ended December 31 (in millions, except per share amounts):

 

             2017                      2016                      2015          

Earnings available to common stockholders

     $ 2,131        $ 2,263        $ 7,340   
  

 

 

     

 

 

     

 

 

  
        

Basic weighted-average shares outstanding

      302.7         329.9         376.1   

Effect of convertible notes

      —         —         0.3   

Effect of employee stock awards

      0.9         0.4         0.5   
  

 

 

     

 

 

     

 

 

  

Diluted weighted-average shares outstanding

      303.6         330.3         376.9   
  

 

 

     

 

 

     

 

 

  
        

Earnings per share, basic

     $ 7.04        $ 6.86        $ 19.52   
  

 

 

     

 

 

     

 

 

  

Earnings per share, diluted

     $ 7.02        $ 6.85        $ 19.47   
  

 

 

     

 

 

     

 

 

  

The number of antidilutive securities excluded from the computation of diluted earnings per share amounts was not material.