Earnings Per Share Attributable to Common Shareholders

6 Months Ended

Jul. 01, 2012

Earnings Per Share Attributable to Common Shareholders

Note 11. Earnings Per Share Attributable to Common Shareholders

The following table provides the detailed calculation of Earnings per share:

	Three Months Ended				Six Months Ended
(in millions)	July 1, 2012		July 3, 2011		July 1, 2012		July 3, 2011
EPS Numerator––Basic
Income from continuing operations	$	3,194	$	2,521	$	4,918	$	4,657
Less: Net income attributable to noncontrolling interests		7		8		16		20
Income from continuing operations attributable to Pfizer Inc.		3,187		2,513		4,902		4,637
Less: Preferred stock dividends––net of tax		––		––		1		1
Income from continuing operations attributable to Pfizer Inc. common shareholders		3,187		2,513		4,901		4,636
Discontinued operations––net of tax		66		97		145		195
Net income attributable to Pfizer Inc. common shareholders	$	3,253	$	2,610	$	5,046	$	4,831
EPS Numerator––Diluted
Income from continuing operations attributable to Pfizer Inc. common shareholders and assumed conversions	$	3,187	$	2,513	$	4,902	$	4,637
Discontinued operations––net of tax		66		97		145		195
Net income attributable to Pfizer Inc. common shareholders and assumed conversions	$	3,253	$	2,610	$	5,047	$	4,832
EPS Denominator
Weighted-average number of common shares outstanding––Basic		7,476		7,875		7,506		7,929
Common-share equivalents: stock options, stock issuable under employee compensation plans and convertible preferred stock		61		60		64		51
Weighted-average number of common shares outstanding––Diluted		7,537		7,935		7,570		7,980
Stock options that had exercise prices greater than the average market price of our common stock issuable under employee compensation plans(a)		216		280		216		281

(a) These common stock equivalents were outstanding for the three and six months ended July 1, 2012 and July 3, 2011, but were not included in the computation of diluted EPS for those periods because their inclusion would have had an anti-dilutive effect.