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Earnings Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic and diluted earnings per share are based on the weighted average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted earnings per share, includes the effects of dilutive RSUs, stock options and convertible securities. The effect of such potential common stock is computed using the treasury stock method or the if-converted method, as applicable. Presented below is a reconciliation, for the periods indicated, of the numerator and denominator of the basic and diluted earnings per share computation for income from continuing operations, where income represents the numerator and weighted average shares represents the denominator:
(in millions except per share data)
2015
 
2014
Three Months Ended September 30,
Income
 
Shares
 
$ per Share
 
Income
 
Shares
 
$ per Share
BASIC EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to The AES Corporation common stockholders
$
180

 
679

 
$
0.27

 
$
488

 
721

 
$
0.68

EFFECT OF DILUTIVE SECURITIES
 
 
 
 

 
 
 
 
 
 
Convertible securities
—

 
—

 
—

 
6

 
15

 
(0.01
)
Stock options
—

 
1

 
—

 
—

 
1

 
—

Restricted stock units
—

 
2

 
(0.01
)
 
—

 
3

 
—

DILUTED EARNINGS PER SHARE
$
180

 
682

 
$
0.26

 
$
494

 
740

 
$
0.67

Nine Months Ended September 30,
 
BASIC EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to The AES Corporation common stockholders
$
391

 
692

 
$
0.57

 
$
583

 
724

 
$
0.81

EFFECT OF DILUTIVE SECURITIES
 
 
 
 
 
 
 
 
 
 
 
Restricted stock units
—

 
2

 
(0.01
)
 
—

 
3

 
—

DILUTED EARNINGS PER SHARE
$
391

 
694

 
$
0.56

 
$
583

 
727

 
$
0.81


For the three and nine months ended September 30, the calculation of diluted earnings per share excluded 7 million and 6 million outstanding stock awards for 2015 and 2014, respectively, that could potentially dilute basic earnings per share in the future. Additionally, for the three and nine months ended September 30, 2015, and for the nine months ended September 30, 2014, all 15 million shares of potential common stock associated with convertible debentures were omitted from the earnings per share calculation. These were not included because the impact would have been anti-dilutive.