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Earnings Per Share | 12 Months Ended
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Dec. 31, 2020
Earnings Per Share [Abstract] |
Earnings Per Share |
3. | EARNINGS PER SHARE
Earnings per share are computed as follows:
|  | 2020 |  |  | 2019 |
Basic earnings per Common Share: |  |  |  |  |  |  |  |
Net income attributable to Magna International Inc. |  | $ | 757 |  |  | $ | 1,765 |
Weighted average number of Common Shares outstanding during the year |  |  | 299.7 |  |  |  | 314.7 |
Basic earnings per Common Share |  | $ | 2.52 |  |  | $ | 5.61 |
Diluted earnings per Common Share [a]: |  |  |  |  |  |  |  |
Net income attributable to Magna International Inc. |  | $ | 757 |  |  | $ | 1,765 |
Weighted average number of Common Shares outstanding during the year |  |  | 299.7 |  |  |  | 314.7 |
Stock options and restricted stock |  |  | 0.7 |  |  |  | 1.1 |
|  | 300.4 |  |  | 315.8 |
Diluted earnings per Common Share |  | $ | 2.52 |  |  | $ | 5.59 |
[a] | Diluted earnings per Common Share exclude 4.7 million [2019 – 4.0 million] Common Shares issuable under the Company’s Incentive Stock Option Plan because these options were not “in-the-money”. 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.

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