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Earnings Per Share
6 Months Ended
Jun. 30, 2020
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,
 
2020
2019
 
2020
2019
Net earnings attributable to PMI
$
3,773

$
3,673

 
$
1,947

$
2,319

Less distributed and undistributed earnings attributable to share-based payment awards
10

8

 
5

5

Net earnings for basic and diluted EPS
$
3,763

$
3,665

 
$
1,942

$
2,314

Weighted-average shares for basic EPS
1,557

1,556

 
1,558

1,556

Plus contingently issuable performance stock units (PSUs)


 


Weighted-average shares for diluted EPS
1,557

1,556

 
1,558

1,556



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 2020 and 2019 computations, there were no antidilutive stock awards.