Earnings per Share

6 Months Ended

Mar. 31, 2016

Earnings Per Share

Earnings per Share

17. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

		Three Months Ended				Six Months Ended
		31 March				31 March
		2016		2015		2016		2015
Numerator
Income from continuing operations		$	379.8	$	291.9	$	757.6	$	618.2
Loss from discontinued operations			(853.1)		(1.9)		(867.3)		(3.6)
Net Income (Loss) Attributable to Air Products		$	(473.3)	$	290.0	$	(109.7)	$	614.6
Denominator (in millions)
Weighted average number of common shares — Basic			216.1		214.9		215.9		214.5
Effect of dilutive securities
	Employee stock option and other award plans		1.8		2.5		1.9		2.5
Weighted average number of common shares — Diluted			217.9		217.4		217.8		217.0
Basic Earnings Per Common Share Attributable to Air Products
Income from continuing operations		$	1.76	$	1.36	$	3.51	$	2.89
Loss from discontinued operations			(3.95)		(.01)		(4.02)		(.02)
Net Income (Loss) Attributable to Air Products		$	(2.19)	$	1.35	$	(.51)	$	2.87
Diluted Earnings Per Common Share Attributable to Air Products
Income from continuing operations		$	1.74	$	1.34	$	3.47	$	2.85
Loss from discontinued operations			(3.91)		(.01)		(3.98)		(.02)
Net Income (Loss) Attributable to Air Products		$	(2.17)	$	1.33	$	(.51)	$	2.83

Outstanding share-based awards of .2million shares were antidilutive and therefore excluded from the computation of diluted earnings per share for the three and six months ended 31 March 2016. Outstanding share-based awards of .2and .3million shares were antidilutive and therefore excluded from the computation of diluted earnings per share for the three and six months ended 31 March 2015, respectively.