The following is a reconciliation of the income and share data used in the basic and diluted earnings per share (EPS) computations:



	Three Months Ended March 31,
In millions, except per-share amounts	2016			2015
Income from continuing operations before attribution of noncontrolling interests	$	3,508		$	4,817
Less: Noncontrolling interests from continuing operations	5			42
Net income from continuing operations (for EPS purposes)	$	3,503		$	4,775
Income (loss) from discontinued operations, net of taxes	(2		)	(5		)
Citigroup's net income	$	3,501		$	4,770
Less: Preferred dividends⁽¹⁾	210			128
Net income available to common shareholders	$	3,291		$	4,642
Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to basic EPS	40			62
Net income allocated to common shareholders for basic EPS	$	3,251		$	4,580
Net income allocated to common shareholders for diluted EPS	$	3,251		$	4,580
Weighted-average common shares outstanding applicable to basic EPS	2,943.0			3,034.2
Effect of dilutive securities⁽³⁾
Options⁽²⁾	0.1			4.9
Other employee plans	—			0.2
Adjusted weighted-average common shares outstanding applicable to diluted EPS	2,943.1			3,039.3
Basic earnings per share⁽⁴⁾
Income from continuing operations	$	1.11		$	1.51
Discontinued operations	—			—
Net income	$	1.10		$	1.51
Diluted earnings per share⁽⁴⁾
Income from continuing operations	$	1.11		$	1.51
Discontinued operations	—			—
Net income	$	1.10		$	1.51


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


(2)	During the first quarters of 2016 and 2015, weighted-average options to purchase 6.2 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 $69.88 and $195.47 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 quarter of 2016 and 2015 because they were anti-dilutive.


(4)	Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.