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Earnings Per Share - Praxair, Inc. Shareholders (Tables)
3 Months Ended
Mar. 31, 2012
Earnings Per Share-Praxair, Inc. Shareholders [Abstract]  
Earnings per Share - Praxair, Inc. Shareholders Table

6. Earnings Per Share – Praxair, Inc. Shareholders

 

Basic earnings per share is computed by dividing Net Income – Praxair, Inc. for the period by the weighted average number of Praxair common shares outstanding. Diluted earnings per share is computed by dividing Net income – Praxair, Inc. for the period by the weighted average number of Praxair common shares outstanding and dilutive common stock equivalents, as follows:

 Quarter Ended
 March 31,
 2012 2011
Numerator (Millions of dollars)   
Net income - Praxair, Inc.$ 419 $ 398
    
Denominator (Thousands of shares)   
Weighted average shares outstanding298,512 303,449
Shares earned and issuable under compensation plans565 622
Weighted average shares used in basic earnings per share299,077 304,071
Effect of dilutive securities   
     Stock options and awards3,799 4,524
Weighted average shares used in diluted earnings per share302,876 308,595
    
Basic Earnings Per Share$ 1.40 $ 1.31
Diluted Earnings Per Share$ 1.38 $ 1.29