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Net Income Attributable to Company Per Share
 3 Months Ended
Mar. 31, 2014
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
March 31,		  
     2014      2013  

Numerator:

      

Net income attributable to Company

    $ 589       $ 502   
  

 

 

     

 

 

  

Denominator:

      

Basic—weighted average common shares outstanding

      428         426   

Dilutive effect of employee stock options and other unvested stock awards

      1         2   
  

 

 

     

 

 

  

Diluted outstanding shares

      429         428   
  

 

 

     

 

 

  

Net income attributable to Company per share:

      

Basic

    $ 1.38       $ 1.18   
  

 

 

     

 

 

  

Diluted

    $ 1.37       $ 1.17   
  

 

 

     

 

 

  

Cash dividends per share

    $ 0.26       $ 0.13   
  

 

 

     

 

 

  

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 three months ended March 31, 2014 and 2013 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 10 million and 7 million shares for the three months ended March 31, 2014 and 2013, respectively.