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Earnings Per Share | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
Earnings Per Share | 3. EARNINGS PER SHARE Earnings per share are computed as follows:
|  | 2021 |  |  | 2020 |
Basic earnings per Common Share: |  |  |  |  |  |  |  |
Net income attributable to Magna International Inc. |  | $ | 1,514 |  |  | $ | 757 |
Weighted average number of Common Shares outstanding during the year |  |  | 300.6 |  |  |  | 299.7 |
Basic earnings per Common Share |  | $ | 5.04 |  |  | $ | 2.52 |
Diluted earnings per Common Share [a]: |  |  |  |  |  |  |  |
Net income attributable to Magna International Inc. |  | $ | 1,514 |  |  | $ | 757 |
Weighted average number of Common Shares outstanding during the year |  |  | 300.6 |  |  |  | 299.7 |
Stock options and restricted stock |  |  | 2.2 |  |  |  | 0.7 |
|  |  | 302.8 |  |  |  | 300.4 |
Diluted earnings per Common Share |  | $ | 5.00 |  |  | $ | 2.52 |
[a] | Diluted earnings per Common Share exclude 0.4 million [2020 – 4.7 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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