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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

4. EARNINGS PER SHARE

Earnings per share are computed as follows:

 

     2013      2012      2011  

Basic earnings per Common Share:

         

Net income attributable to Magna International Inc.

    $ 1,561       $ 1,433       $ 1,018   

Average number of Common Shares outstanding during the year

      227.9         232.4         239.3   

Basic earnings per Common Share

    $ 6.85       $ 6.17       $ 4.26   

Diluted earnings per Common Share:

         

Net income attributable to Magna International Inc.

    $ 1,561       $ 1,433       $ 1,018   

Average number of Common Shares outstanding during the year

      227.9         232.4         239.3   

Adjustments

         

Stock options and restricted stock [a]

      2.9         2.8         3.5   
  

 

 

     

 

 

     

 

 

  
     230.8         235.2         242.8   
  

 

 

     

 

 

     

 

 

  

Diluted earnings per Common Share

    $ 6.76       $ 6.09       $ 4.20   
  

 

 

     

 

 

     

 

 

  

 

[a] Diluted earnings per Common Share exclude 0.1 million [2012 - 2.3 million; 2011 - 2.1 million] Common Shares issuable under the Company’s Incentive Stock Option Plan because these options were not “in-the-money”.