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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Common Share
14. Earnings Per Common Share
The following table presents the weighted average shares used in calculating basic earnings per common share and those used in calculating diluted earnings per common share for each income category presented below:
 
Three Months 
 Ended 
 September 30,
 
Nine Months 
 Ended 
 September 30,
 
2013
 
2012
 
2013
 
2012
 
(In millions, except share and per share data)
Weighted Average Shares:
 
 
 
 
 
 
 
Weighted average common stock outstanding for basic
 earnings per common share
1,104,892,638

 
1,065,041,874

 
1,099,496,305

 
1,063,991,836

Incremental common shares from assumed:
 
 
 
 
 
 
 
Stock purchase contracts underlying common equity units (1)
1,886,275

 
—

 
628,758

 
—

Exercise or issuance of stock-based awards (2)
10,517,925

 
—

 
8,756,239

 
5,963,399

Weighted average common stock outstanding for diluted
 earnings per common share
1,117,296,838

 
1,065,041,874

 
1,108,881,302

 
1,069,955,235

Income (Loss) from Continuing Operations:
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of income tax
$
973

 
$
(957
)
 
$
2,476

 
$
1,209

Less: Income (loss) from continuing operations, net of income tax, attributable to noncontrolling interests
3

 
(3
)
 
17

 
29

Less: Preferred stock dividends
30

 
30

 
91

 
91

Income (loss) from continuing operations, net of income tax,
 available to MetLife, Inc.’s common shareholders
$
940

 
$
(984
)
 
$
2,368

 
$
1,089

Basic
$
0.85

 
$
(0.92
)
 
$
2.15

 
$
1.02

Diluted
$
0.84

 
$
(0.92
)
 
$
2.14

 
$
1.01

Income (Loss) from Discontinued Operations:
 
 
 
 
 
 
 
Income (loss) from discontinued operations, net of income tax
$
2

 
$
—

 
$
1

 
$
17

Less: Income (loss) from discontinued operations, net of income tax, attributable to noncontrolling interests
—

 
—

 
—

 
—

Income (loss) from discontinued operations, net of income tax,
available to MetLife, Inc.’s common shareholders
$
2

 
$
—

 
$
1

 
$
17

Basic
$
—

 
$
—

 
$
—

 
$
0.02

Diluted
$
—

 
$
—

 
$
—

 
$
0.02

Net Income (Loss):
 
 
 
 
 
 
 
Net income (loss)
$
975

 
$
(957
)
 
$
2,477

 
$
1,226

Less: Net income (loss) attributable to noncontrolling interests
3

 
(3
)
 
17

 
29

Less: Preferred stock dividends
30

 
30

 
91

 
91

Net income (loss) available to MetLife, Inc.’s common shareholders
$
942

 
$
(984
)
 
$
2,369


$
1,106

Basic
$
0.85

 
$
(0.92
)
 
$
2.15

 
$
1.04

Diluted
$
0.84

 
$
(0.92
)
 
$
2.14

 
$
1.03

__________________
(1)
See Note 15 of the Notes to the Consolidated Financial Statements included in the 2012 Annual Report for a description of the Company’s common equity units. For the three months and nine months ended September 30, 2012, all shares related to the assumed issuance of shares in settlement of the applicable purchase contracts have been excluded from the calculation of diluted earnings per common share, as these assumed shares are anti-dilutive.
(2)
For the three months ended September 30, 2012, 5,928,114 shares related to the assumed exercise or issuance of stock-based awards have been excluded from the calculation of diluted earnings per common share, as these assumed shares would be anti-dilutive.