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Earnings Per Share
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share:
Basic and diluted earnings per share (“EPS”) were calculated using the following:
 
(in millions)
 
For the Six Months Ended
June 30,
 
For the Three Months Ended
June 30,
 
 
2012
 
2011
 
2012
 
2011
Net earnings attributable to PMI
 
$
4,478

 
$
4,328

 
$
2,317

 
$
2,409

Less distributed and undistributed earnings attributable to share-based payment awards
 
24

 
24

 
12

 
14

Net earnings for basic and diluted EPS
 
$
4,454

 
$
4,304

 
$
2,305

 
$
2,395

Weighted-average shares for basic EPS
 
1,710

 
1,782

 
1,701

 
1,772

Plus incremental shares from assumed conversions:
 
 
 
 
 
 
 
 
Stock options
 
—

 
—

 
—

 
—

Weighted-average shares for diluted EPS
 
1,710

 
1,782

 
1,701

 
1,772


Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in PMI’s earnings per share calculation pursuant to the two-class method.
For the 2012 and 2011 computations, there were no antidilutive stock options.