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Earnings Per Common Share
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Common Share
12. 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 
 March 31,
 
2014
 
2013
 
(In millions, except share and per share data)
Weighted Average Shares
 
 
 
Weighted average common stock outstanding for basic
 earnings per common share
1,126,922,641

 
1,096,925,583

Incremental common shares from assumed:
 
 
 
Stock purchase contracts underlying common equity units (1)
3,385,696

 

Exercise or issuance of stock-based awards
10,157,701

 
6,959,822

Weighted average common stock outstanding for diluted
 earnings per common share
1,140,466,038

 
1,103,885,405

Income (Loss) from Continuing Operations
 
 
 
Income (loss) from continuing operations, net of income tax
$
1,342

 
$
995

Less: Income (loss) from continuing operations, net of income tax, attributable to noncontrolling interests
11

 
6

Less: Preferred stock dividends
30

 
30

Income (loss) from continuing operations, net of income tax,
 available to MetLife, Inc.’s common shareholders
$
1,301

 
$
959

Basic
$
1.15

 
$
0.87

Diluted
$
1.14

 
$
0.87

Income (Loss) from Discontinued Operations
 
 
 
Income (loss) from discontinued operations, net of income tax
$
(3
)
 
$
(3
)
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
$
(3
)
 
$
(3
)
Basic
$

 
$

Diluted
$

 
$

Net Income (Loss)
 
 
 
Net income (loss)
$
1,339

 
$
992

Less: Net income (loss) attributable to noncontrolling interests
11

 
6

Less: Preferred stock dividends
30

 
30

Net income (loss) available to MetLife, Inc.’s common shareholders
$
1,298

 
$
956

Basic
$
1.15

 
$
0.87

Diluted
$
1.14

 
$
0.87

__________________
(1)
See Note 15 of the Notes to the Consolidated Financial Statements included in the 2013 Annual Report for a description of the Company’s common equity units. For the three months ended March 31, 2013, 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.