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Earnings Per Share | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | 5. Earnings Per Share (PPL) Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased by incremental shares that would be outstanding if potentially dilutive share-based payment awards were converted to common shares as calculated using the Two-Class Method or Treasury Stock Method. Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended September 30 used in the EPS calculation are:
| Three Months |  | Nine Months
| 2021 |  | 2020 |  | 2021 |  | 2020
Income (Numerator) |  |  |  |  |  |  |
Income (loss) from continuing operations after income taxes available to PPL common shareowners - Basic and Diluted | $ | 209 |  |  | $ | 117 |  |  | $ | (124) |  |  | $ | 474 |
Income (loss) from discontinued operations (net of income taxes) available to PPL common shareowners - Basic and Diluted | $ | (2) |  |  | $ | 164 |  |  | $ | (1,490) |  |  | $ | 705 |
Net income (loss) available to PPL common shareowners - Basic and Diluted | $ | 207 |  |  | $ | 281 |  |  | $ | (1,614) |  |  | $ | 1,179 |
Shares of Common Stock (Denominator) |  |  |  |  |  |  |
Weighted-average shares - Basic EPS | 767,733 |  |  | 768,786 |  |  | 768,781 |  |  | 768,502 |
Add: Dilutive share-based payment awards (a) | 2,116 |  |  | 874 |  |  | — |  |  | 768 |
Weighted-average shares - Diluted EPS | 769,849 |  |  | 769,660 |  |  | 768,781 |  |  | 769,270 |
Basic and Diluted EPS |  |  |  |  |  |  |
Available to PPL common shareowners: |  |  |  |  |  |  |
Income from continuing operations after income taxes | $ | 0.27 |  |  | $ | 0.15 |  |  | $ | (0.16) |  |  | $ | 0.62 |
Income (loss) from discontinued operations (net of income taxes) | — |  |  | 0.22 |  |  | (1.94) |  |  | 0.91 |
Net Income (Loss) available to PPL common shareowners | $ | 0.27 |  |  | $ | 0.37 |  |  | $ | (2.10) |  |  | $ | 1.53 |
(a) All share-based payment awards were excluded from dilutive shares under the Treasury Stock Method for the nine months ended September 30, 2021, as their effect would have been anti-dilutive due to the loss from continuing operations. For the periods ended September 30, PPL issued common stock related to stock-based compensation plans and the DRIP as follows (in thousands):
| Three Months |  | Nine Months
| 2021 |  | 2020 |  | 2021 |  | 2020
Stock-based compensation plans | 158 |  |  | 14 |  |  | 816 |  |  | 621 |
DRIP | — |  |  | — |  |  | — |  |  | 943 |
See Note 8 for common stock repurchased under an authorized share repurchase program. For the periods ended September 30, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.
| Three Months |  | Nine Months
| 2021 |  | 2020 |  | 2021 |  | 2020
Stock-based compensation awards | 135 |  |  | 364 |  |  | 2,339 |  |  | 595 |

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