Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share Disclosure

19.Earnings per Share

The following table reconciles net income and the weighted average ordinary shares outstanding for basic and diluted earnings per share for the periods presented:

	3 Months Ended March 31,
	2016	2015
	$’M	$’M
	_________________	_________________
Income from continuing operations, net of taxes	409.5	412.9
Gain/(loss) from discontinued operations1	9.5	(2.5)
	_________________	_________________
Numerator for basic and diluted earnings per share	419.0	410.4
	_________________	_________________
Weighted average number of shares:
	Millions	Millions
	_________________	_________________
Basic	591.7	589.1
Effect of dilutive shares:
Share-based awards to employees	1.6	3.6
	_________________	_________________
Diluted	593.3	592.7
	_________________	_________________

Weighted average number of basic shares excludes shares purchased by the Employee Benefit Trust(“EBT”) and under the shares buy-back program and presented by Shire as treasury stock. Share-based awards to employees are calculated using the treasury method.

The share equivalents not included in the calculation of the diluted weighted average number of shares are shown below:

	3 Months Ended March 31,
	2016	2015
	No. of shares	No. of shares
	Millions	Millions
	_________________	_________________
Share-based awards to employees	4.0	1.4
	_________________	_________________

Certain stock options have been excluded from the calculation of diluted Earnings per Share(“EPS”) because either their exercise prices exceeded Shire's average share price during the calculation period or the required performance conditions were not satisfied as of the balance sheet date.