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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of 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”.
Schedule of Earnings Per Common Share

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