The following is a reconciliation of the income and share data used in the basic and diluted earnings per share (EPS) computations for the three months ended March 31:



	Three Months Ended March 31,
In millions, except per-share amounts	2015			2014
Income from continuing operations before attribution of noncontrolling interests	$	4,817		$	3,952
Less: Noncontrolling interests from continuing operations	42			45
Net income from continuing operations (for EPS purposes)	$	4,775		$	3,907
Income (loss) from discontinued operations, net of taxes	(5		)	37
Citigroup's net income	$	4,770		$	3,944
Less: Preferred dividends⁽¹⁾	128			124
Net income available to common shareholders	$	4,642		$	3,820
Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to basic EPS	62			62
Net income allocated to common shareholders for basic EPS	$	4,580		$	3,758
Add: Interest expense, net of tax, and dividends on convertible securities and adjustment of undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to diluted EPS	—			—
Net income allocated to common shareholders for diluted EPS	$	4,580		$	3,758
Weighted-average common shares outstanding applicable to basic EPS	3,034.2			3,037.4
Effect of dilutive securities
Options⁽²⁾	4.9			5.6
Other employee plans	0.2			0.3
Convertible securities⁽³⁾	—			—
Adjusted weighted-average common shares outstanding applicable to diluted EPS	3,039.3			3,043.3
Basic earnings per share
Income from continuing operations	$	1.51		$	1.23
Discontinued operations	—			0.01
Net income	$	1.51		$	1.24
Diluted earnings per share
Income from continuing operations	$	1.51		$	1.22
Discontinued operations	—			0.01
Net income	$	1.51		$	1.23


(1)	See Note 19 to the Consolidated Financial Statements for the potential future impact of preferred stock dividends.


(2)	During the first quarters of 2015 and 2014, weighted-average options to purchase 0.9 million and 0.9 million shares of common stock, respectively, were outstanding but not included in the computation of earnings per share because the weighted-average exercise prices of $195.47 and $194.37 per share, respectively, were anti-dilutive.

(3)

Warrants issued to the U.S. Treasury as part of the Troubled Asset Relief Program (TARP) and the loss-sharing agreement (all of which were subsequently sold to the public in January 2011), with exercise prices of $178.50 and $106.10 per share for approximately 21.0 million and 25.5 million shares of Citigroup common stock, respectively. Both warrants were not included in the computation of earnings per share in the first quarters of 2015 and 2014 because they were anti-dilutive.