XML 27 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share
 9 Months Ended
Sep. 30, 2017
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 Nine Months Ended September 30,
 
For the Three Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Net earnings attributable to PMI
 
$
5,341

 
$
5,256

 
$
1,970

 
$
1,938

Less distributed and undistributed earnings attributable to share-based payment awards
 
12

 
15

 
4

 
5

Net earnings for basic and diluted EPS
 
$
5,329

 
$
5,241

 
$
1,966

 
$
1,933

Weighted-average shares for basic EPS
 
1,552

 
1,551

 
1,553

 
1,551

Plus contingently issuable performance stock units (PSUs)
 
1

 
—

 
1

 
—

Weighted-average shares for diluted EPS
 
1,553

 
1,551

 
1,554

 
1,551


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 2017 and 2016 computations, there were no antidilutive stock awards.