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Net Income Attributable to Company Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Net Income Attributable to Company Per Share

11. Net Income Attributable to Company Per Share

The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  
     2013      2012      2013      2012  

Numerator:

            

Net income attributable to Company

    $ 531       $ 605       $ 1,033       $ 1,211   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Basic—weighted average common shares outstanding

      426         425         426         424   

Dilutive effect of employee stock options and other unvested stock awards

      2         2         2         2   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted outstanding shares

      428         427         428         426   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income attributable to Company per share:

            

Basic

    $ 1.25       $ 1.42       $ 2.42       $ 2.85   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted

    $ 1.24       $ 1.42       $ 2.41       $ 2.84   
  

 

 

     

 

 

     

 

 

     

 

 

  

Cash dividends per share

    $ 0.26       $ 0.12       $ 0.39       $ 0.24   
  

 

 

     

 

 

     

 

 

     

 

 

  

ASC Topic 260, “Earnings Per Share” (“ASC Topic 260”) requires companies with unvested participating securities to utilize a two-class method for the computation of Net income attributable to Company per share. The two-class method requires a portion of Net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. Net income attributable to Company allocated to these participating securities was immaterial for the three and six months ended June 30, 2013 and 2012 and therefore not excluded from Net income attributable to Company per share calculation.

In addition, the Company had stock options outstanding that were anti-dilutive totaling 7 million shares for each of the three and six months ended June 30, 2013, and 5 million shares for each of the three and six months ended June 30, 2012, respectively.