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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

Earnings per share are computed as follows:

 

     2014      2013      2012  

Basic earnings per Common Share:

         

Net income attributable to Magna International Inc.

    $ 1,882       $ 1,561       $ 1,433   
  

 

 

     

 

 

     

 

 

  

Weighted average number of Common Shares outstanding during the year

   213.6      227.9      232.4   
  

 

 

     

 

 

     

 

 

  

Basic earnings per Common Share

 $ 8.81    $ 6.85    $ 6.17   
  

 

 

     

 

 

     

 

 

  

Diluted earnings per Common Share:

Net income attributable to Magna International Inc.

 $ 1,882    $ 1,561    $ 1,433   
  

 

 

     

 

 

     

 

 

  

Weighted average number of Common Shares outstanding during the year

   213.6      227.9      232.4   

Adjustments

Stock options and restricted stock [a]

   3.0      2.9      2.8   
  

 

 

     

 

 

     

 

 

  
  216.6      230.8      235.2   
  

 

 

     

 

 

     

 

 

  

Diluted earnings per Common Share

 $ 8.69    $ 6.76    $ 6.09   
  

 

 

     

 

 

     

 

 

  

 

[a] Diluted earnings per Common Share exclude 0.1 million [2013 – 0.1 million; 2012 – 2.3 million] Common Shares issuable under the Company’s Incentive Stock Option Plan because these options were not “in-the-money”.