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Earnings Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 14. Earnings Per Share

Basic earnings per share is calculated by dividing net income attributable to Visteon by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average number of common and potential dilutive common shares outstanding. Performance based share units are considered contingently issuable shares, and are included in the computation of diluted earnings per share based on the number of shares that would be issuable if the reporting date were the end of the contingency period and if the result would be dilutive.

The table below provides details underlying the calculations of basic and diluted earnings (loss) per share:
 
Three Months Ended
March 31
 
2016
 
2015
 
(In Millions, Except Per Share Amounts)
Numerator:
 
 
 
Net income from continuing operations attributable to Visteon
$
32

 
$
19

(Loss) income from discontinued operations, net of tax
(13
)
 
31

Net income attributable to Visteon
$
19

 
$
50

Denominator:
 
 
 
Average common stock outstanding - basic
38.1

 
44.4

Dilutive effect of performance based share units and other
0.4

 
1.1

Diluted shares
38.5

 
45.5

 
 
 
 
Basic and Diluted Per Share Data:
 
 
 
Basic earnings (loss) per share attributable to Visteon:
 
 
 
Continuing operations
$
0.84

 
$
0.43

Discontinued operations
(0.34
)
 
0.70

 
$
0.50

 
$
1.13

Diluted earnings (loss) per share attributable to Visteon:
 
 
 
Continuing operations
$
0.83

 
$
0.42

Discontinued operations
(0.34
)
 
0.68

 
$
0.49

 
$
1.10