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Earnings (loss) Per Share
12 Months Ended
Dec. 31, 2011
Earnings (loss) Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

5.  EARNINGS (LOSS) PER SHARE

Earnings (loss) per share are computed as follows:

 

 

                         
    2011     2010     2009   

 

 
       

 Basic earnings (loss) per Common or Class B Share:

                       
       

 Net income (loss) attributable to Magna International Inc.

  $ 1,018     $         1,003     $         (453)   

 

 
       

 Average number of Common and Class B Shares outstanding during the year

    239.3       230.0       223.6   

 

 
       

 Basic earnings (loss) per Common or Class B Share

  $ 4.26     $ 4.36     $ (2.03)  

 

 
       

 Diluted earnings (loss) per Common or Class B Share:

                       
       

 Net income (loss) attributable to Magna International Inc.

  $ 1,018     $ 1,003     $ (453)   

 

 
       

 Average number of Common and Class B Shares outstanding during the year

    239.3       230.0       223.6   

 Adjustments

                       

 Stock options and restricted stock [a]

    3.5       3.0       —   

 

 
      242.8       233.0       223.6   

 

 
       

 Diluted earnings (loss) per Common or Class B Share

  $         4.20     $ 4.30     $ (2.03)  

 

 

 

[a]

Diluted earnings (loss) per Common or Class B Share exclude 2.1 million [2010 – 3.9 million; 2009 – 5.2 million] Common Shares issuable under the Company’s Incentive Stock Option Plan because these options were not “in-the-money”.