The following table reconciles 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	2018			2017
Income from continuing operations before attribution of noncontrolling interests	$	4,649		$	4,118
Less: Noncontrolling interests from continuing operations	22			10
Net income from continuing operations (for EPS purposes)	$	4,627		$	4,108
Income (loss) from discontinued operations, net of taxes	(7		)	(18		)
Citigroup's net income	$	4,620		$	4,090
Less: Preferred dividends⁽¹⁾	272			301
Net income available to common shareholders	$	4,348		$	3,789
Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to basic EPS	51			55
Net income allocated to common shareholders for basic EPS	$	4,297		$	3,734
Net income allocated to common shareholders for diluted EPS	4,297			3,734
Weighted-average common shares outstanding applicable to basic EPS	2,561.6			2,765.3
Effect of dilutive securities⁽²⁾
Options⁽³⁾	0.1			0.2
Other employee plans	1.3			—
Adjusted weighted-average common shares outstanding applicable to diluted EPS⁽⁴⁾	2,563.0			2,765.5
Basic earnings per share⁽⁵⁾
Income from continuing operations	$	1.68		$	1.36
Discontinued operations	—			(0.01		)
Net income	$	1.68		$	1.35
Diluted earnings per share⁽⁵⁾
Income from continuing operations	$	1.68		$	1.36
Discontinued operations	—			(0.01		)
Net income	$	1.68		$	1.35


(1)	As of March 31, 2018, Citi estimates it will distribute preferred dividends of approximately $902 million during the remainder of 2018, assuming such dividends are declared by the Citi Board of Directors. During the first quarter of 2018, Citi redeemed all of its 3.8 million Series AA preferred shares for $96.8 million at par value. Citi redeemed its Series E preferred stock in April 2018.

(2)

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 $104.67 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 three months ended March 31, 2018 and 2017 because they were anti-dilutive.


(3)	During the first quarters of 2018 and 2017, weighted-average options to purchase 0.5 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 $149.41 and $201.01 per share, respectively, were anti-dilutive.


(4)	Due to rounding, common shares outstanding applicable to basic EPS and the effect of dilutive securities may not sum to common shares outstanding applicable to diluted EPS.


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