XML 55 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Income Attributable to Company Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Net Income Attributable to Company Per Share
12. 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,		  
     2014      2013      2014      2013  

Numerator:

            

Income from continuing operations

    $ 608       $ 494       $ 1,156       $ 955   
  

 

 

     

 

 

     

 

 

     

 

 

  

Income from discontinued operations

    $ 11       $ 37       $ 52       $ 78   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income attributable to Company

    $ 619       $ 531       $ 1,208       $ 1,033   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Basic—weighted average common shares outstanding

      428         426         428         426   

Dilutive effect of employee stock options and other unvested stock awards

      2         2         2         2   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted outstanding shares

      430         428         430         428   
  

 

 

     

 

 

     

 

 

     

 

 

  

Per share data:

            

Basic:

            

Income from continuing operations

    $ 1.42       $ 1.16       $ 2.70       $ 2.24   
  

 

 

     

 

 

     

 

 

     

 

 

  

Income from discontinued operations

    $ 0.03       $ 0.09       $ 0.12       $ 0.18   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income attributable to Company

    $ 1.45       $ 1.25       $ 2.82       $ 2.42   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted:

            

Income from continuing operations

    $ 1.42       $ 1.15       $ 2.69       $ 2.23   
  

 

 

     

 

 

     

 

 

     

 

 

  

Income from discontinued operations

    $ 0.02       $ 0.09       $ 0.12       $ 0.18   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income attributable to Company

    $ 1.44       $ 1.24       $ 2.81       $ 2.41   
  

 

 

     

 

 

     

 

 

     

 

 

  

Cash dividends per share

    $ 0.46       $ 0.26       $ 0.72       $ 0.39   
  

 

 

     

 

 

     

 

 

     

 

 

  

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 and six months ended June 30, 2014 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 9 million shares for each of the three and six months ended June 30, 2014, and 7 million shares for each of the three and six months ended June 30, 2013, respectively.