Earnings per Share

12 Months Ended

Dec. 31, 2016

Earnings per Share

Reconciliation of the numerators and denominators of the earnings per share calculations —



	2016		2015		2014
Income from continuing operations	$	653	$	176	$	343
Less: Noncontrolling interests net income	13		21		9
Less: Preferred stock dividend requirements					7
Income from continuing operations available to common stockholders - Numerator basic	640		155		327
Preferred stock dividend requirements					7
Numerator diluted	$	640	$	155	$	334

Net income available to common stockholders - Numerator basic	$	640	$	159	$	312
Preferred stock dividend requirements					7
Numerator diluted	$	640	$	159	$	319

Weighted-average number of shares outstanding - Denominator basic	146.0		159.0		158.0
Employee compensation-related shares, including stock options	0.8		1.0		1.2
Conversion of preferred stock					14.3
Denominator diluted	146.8		160.0		173.5

The share count for diluted earnings per share is computed on the basis of the weighted-average number of common shares outstanding plus the effects of dilutive common stock equivalents (CSEs) outstanding during the period. We excluded 1.7 million and 0.4 million million CSEs from the calculations of diluted earnings per share for the years 2016 and 2015 as the effect of including them would have been anti-dilutive.