Earnings Per Share Computations

3 Months Ended

Sep. 30, 2023

The Company applies the two-class method when computing its earnings per share ("EPS"), which requires that net income per share for each class of share be calculated assuming all of the Company's net income is distributed as dividends to each class of share based on their contractual rights.

Basic EPS is computed by dividing net income available to ordinary shareholders by the weighted-average number of ordinary shares outstanding after excluding the ordinary shares to be repurchased using forward contracts. Diluted EPS includes the effects of share options, restricted share units, performance rights, performance shares, and share rights, if dilutive.


	Three Months Ended September 30,
(in millions, except per share amounts)	2023		2022
Numerator
Net income attributable to Amcor plc	$	152	$	232
Distributed and undistributed earnings attributable to shares to be repurchased	(1)		(2)
Net income available to ordinary shareholders of Amcor plc—basic and diluted	$	151	$	230



Denominator
Weighted-average ordinary shares outstanding	1,447		1,485
Weighted-average ordinary shares to be repurchased by Amcor plc	(8)		(11)
Weighted-average ordinary shares outstanding for EPS—basic	1,439		1,474
Effect of dilutive shares	—		12
Weighted-average ordinary shares outstanding for EPS—diluted	1,439		1,486

Per ordinary share income


Basic earnings per ordinary share	$	0.105	$	0.156



Diluted earnings per ordinary share	$	0.105	$	0.155

Certain stock awards outstanding were not included in the computation of diluted earnings per share above because they would not have had a dilutive effect. The excluded stock awards for the three months ended September 30, 2023 and 2022 represented an aggregate of 27 million and 9 million shares, respectively.