EARNINGS PER SHARE INFORMATION

9 Months Ended

Sep. 30, 2020

NOTE 16. EARNINGS PER SHARE INFORMATION


Three months ended September 30	2020				2019
(Earnings for per-share calculation, in millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Earnings from continuing operations	$	(1,109)	$	(1,109)	$	(1,283)	$	(1,283)
Preferred stock dividends	(46)		(46)		(42)		(42)
Accretion of redeemable noncontrolling interests, net of tax(a)	(6)		(6)		—		—
Earnings from continuing operations attributable to common shareholders	(1,161)		(1,161)		(1,325)		(1,325)
Earnings (loss) from discontinued operations	(35)		(35)		(8,140)		(8,140)
Net earnings (loss) attributable to GE common shareholders	(1,196)		(1,196)		(9,465)		(9,465)

Shares of GE common stock outstanding	8,756		8,756		8,730		8,730
Employee compensation-related shares (including stock options)	—		—		—		—
Total average equivalent shares	8,756		8,756		8,730		8,730

Earnings per share from continuing operations	$	(0.13)	$	(0.13)	$	(0.15)	$	(0.15)
Earnings (loss) per share from discontinued operations	—		—		(0.93)		(0.93)
Net earnings (loss) per share	(0.14)		(0.14)		(1.08)		(1.08)

Potentially dilutive securities(b)	486				453



Nine months ended September 30	2020				2019
(Earnings for per-share calculation; in millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Earnings from continuing operations	$	3,264	$	3,264	$	(438)	$	(438)
Preferred stock dividends	(280)		(280)		(270)		(270)
Accretion of redeemable noncontrolling interests, net of tax(a)	(141)		(141)		—		—
Earnings from continuing operations attributable to common shareholders	2,843		2,843		(708)		(708)
Earnings (loss) from discontinued operations	(203)		(203)		(5,270)		(5,270)
Net earnings attributable to GE common shareholders	2,639		2,639		(5,977)		(5,977)

Shares of GE common stock outstanding	8,749		8,749		8,721		8,721
Employee compensation-related shares (including stock options)	6		—		—		—
Total average equivalent shares	8,755		8,749		8,721		8,721

Earnings from continuing operations	$	0.32	$	0.32	$	(0.08)	$	(0.08)
Loss from discontinued operations	(0.02)		(0.02)		(0.60)		(0.60)
Net earnings	0.30		0.30		(0.69)		(0.69)

Potentially dilutive securities(b)	454				462

(a) Represents accretion adjustment of redeemable noncontrolling interests in our Additive business within our Aviation segment.

(b) Outstanding stock awards not included in the computation of diluted earnings per share because their effect was antidilutive.

Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and, therefore, are included in the computation of earnings per share pursuant to the two-class method. For the three months ended September 30, 2020 and 2019, as a result of the loss from continuing operations, losses were not allocated to the participating securities. For the nine months ended September 30, 2020, application of this treatment had an insignificant effect. For the nine months ended September 30, 2019, as a result of the loss from continuing operations, losses were not allocated to the participating securities.