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Earnings Per Share | 12 Months Ended
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Dec. 31, 2015
Earnings Per Share [Abstract] |
Earnings Per Share | 6. EARNINGS PER SHARE Earnings per share are computed as follows [restated [note 3]]:
|  | 2015 |  |  | 2014 |
Income available to Common shareholders: |  |  |  |  |  |  |  |
Net income from continuing operations |  | $ | 1,940 |  |  | $ | 1,922 |
Loss from continuing operations attributable to non-controlling interests |  |  | 6 |  |  |  | 2 |
Net income attributable to Magna International Inc. from continuing operations |  |  | 1,946 |  |  |  | 1,924 |
Income (loss) from discontinued operations, net of tax |  |  | 67 |  |  |  | (42 | )
Net income attributable to Magna International Inc. |  | $ | 2,013 |  |  | $ | 1,882 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 407.5 |  |  |  | 427.1 |
Adjustments |  |  |  |  |  |  |  |
Stock options and restricted stock [a] |  |  | 5.2 |  |  |  | 6.1 |
Diluted |  |  | 412.7 |  |  |  | 433.2 |
[a] | Diluted earnings per Common Share exclude 0.9 million [2014 – 0.1 million] Common Shares issuable under the Company’s Incentive Stock Option Plan because these options were not “in-the-money”.
Earnings per Common Share:
Basic: |  |  |  |  |  |  |  |
Continuing operations |  | $ | 4.78 |  |  | $ | 4.50 |
Discontinued operations |  |  | 0.16 |  |  |  | (0.09 | )
Attributable to Magna International Inc. |  | $ | 4.94 |  |  | $ | 4.41 |
Diluted: |  |  |  |  |  |  |  |
Continuing operations |  | $ | 4.72 |  |  | $ | 4.44 |
Discontinued operations |  |  | 0.16 |  |  |  | (0.10 | )
Attributable to Magna International Inc. |  | $ | 4.88 |  |  | $ | 4.34 |

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