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Net Income Attributable to Company Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Net Income Attributable to Company Per Share
13. 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
September 30,		      Nine Months Ended
September 30,		  
     2015      2014      2015      2014  

Numerator:

            

Income from continuing operations

    $ 155       $ 699       $ 754       $ 1,855   
  

 

 

     

 

 

     

 

 

     

 

 

  

Income from discontinued operations

    $ —         $ —         $ —         $ 52   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income attributable to Company

    $ 155       $ 699       $ 754       $ 1,907   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Basic—weighted average common shares outstanding

      380         429         392         428   

Dilutive effect of employee stock options and other unvested stock awards

      1         2         1         2   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted outstanding shares

      381         431         393         430   
  

 

 

     

 

 

     

 

 

     

 

 

  

Per share data:

            

Basic:

            

Income from continuing operations

    $ 0.41       $ 1.63       $ 1.92       $ 4.34   
  

 

 

     

 

 

     

 

 

     

 

 

  

Income from discontinued operations

    $ —         $ —         $ —         $ 0.12   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income attributable to Company

    $ 0.41       $ 1.63       $ 1.92       $ 4.46   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted:

            

Income from continuing operations

    $ 0.41       $ 1.62       $ 1.92       $ 4.31   
  

 

 

     

 

 

     

 

 

     

 

 

  

Income from discontinued operations

    $ —         $ —         $ —         $ 0.12   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income attributable to Company

    $ 0.41       $ 1.62       $ 1.92       $ 4.43   
  

 

 

     

 

 

     

 

 

     

 

 

  

Cash dividends per share

    $ 0.46       $ 0.46       $ 1.38       $ 1.18   
  

 

 

     

 

 

     

 

 

     

 

 

  

ASC Topic 260, “Earnings Per Share” 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 nine months ended September 30, 2015 and therefore not excluded from Net income attributable to Company per share calculation.

The Company had stock options outstanding that were anti-dilutive totaling 15 million and 14 million shares for the three and nine months ended September 30, 2015, respectively, and 6 million and 8 million shares for the three and nine months ended September 30, 2014, respectively.