Earnings Per Share

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 14: Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share (“EPS”):

	Nine Months Ended September 30,
	2014		2013
	(in millions, except per share amounts)
Basic EPS:
Numerator:
Net income attributable to Hilton stockholders	$	515	$	389
Denominator:
Weighted average shares outstanding		985		921
Basic EPS	$	0.52	$	0.42
Diluted EPS:
Numerator:
Net income attributable to Hilton stockholders	$	515	$	389
Denominator:
Weighted average shares outstanding		986		921
Diluted EPS	$	0.52	$	0.42

Approximately 1 million share-based awards were excluded from the computation of diluted EPS for the nine months ended September 30, 2014 because their effect would have been anti-dilutive under the treasury stock method.

Note 22 : Earnings Per Share

For periods prior to the IPO, we used the number of shares from our 9,205,128-for-1 stock split to compute earnings per share (“EPS”). The following table presents the calculation of basic and diluted EPS for the periods presented:

	December 31,
	2013		2012		2011
	(in millions, except per share amounts)
Basic EPS:
Numerator:
Net income attributable to Hilton stockholders	$	415	$	352	$	253
Denominator:
Weighted average shares outstanding		923		921		921
Basic EPS	$	0.45	$	0.38	$	0.27
Diluted EPS:
Numerator:
Net income attributable to Hilton stockholders	$	415	$	352	$	253
Denominator:
Weighted average shares outstanding(1)		923		921		921
Diluted EPS	$	0.45	$	0.38	$	0.27

⁽¹⁾  Includes the 19,500 RSUs granted on December 11, 2013 under the 2013 Director Grant.