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Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
5. EARNINGS PER SHARE

Earnings per share are computed as follows:

 

     2016      2015  

Income available to Common shareholders:

      

Net income from continuing operations

    $ 2,074      $ 1,940  

(Income) loss from continuing operations attributable to non-controlling interests

      (43 )       6  
  

 

 

     

 

 

  

Net income attributable to Magna International Inc. from continuing operations

      2,031        1,946  

Income from discontinued operations, net of tax

      —          67  
  

 

 

     

 

 

  

Net income attributable to Magna International Inc.

    $ 2,031      $ 2,013  
  

 

 

     

 

 

  

Weighted average shares outstanding:

      

Basic

      391.0        407.5  

Adjustments

      

Stock options and restricted stock [a]

      2.2        5.2  
  

 

 

     

 

 

  

Diluted

      393.2        412.7  
  

 

 

     

 

 

  

 

[a]

Diluted earnings per Common Share exclude 3.4 million [2015 – 0.9 million] Common Shares issuable under the Company’s Incentive Stock Option Plan because these options were not “in-the-money”.

 

Earnings per Common Share:

 

     2016      2015  

Basic:

      

Continuing operations

    $ 5.19      $ 4.78  

Discontinued operations

      —          0.16  
  

 

 

     

 

 

  

Attributable to Magna International Inc.

    $ 5.19      $ 4.94  
  

 

 

     

 

 

  

Diluted:

      

Continuing operations

    $ 5.16      $ 4.72  

Discontinued operations

      —          0.16  
  

 

 

     

 

 

  

Attributable to Magna International Inc.

    $ 5.16      $ 4.88  
  

 

 

     

 

 

  

The dilutive effect of participating securities using the two-class method was excluded from the calculation of earnings per share because the effect would be immaterial.