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Earnings and Dividends Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share  
Earnings Per Share

16.    Earnings and Dividends Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

($ in millions, except per share amounts; shares in thousands)

    

2017

    

2016

    

2017

    

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Ball Corporation

 

$

99

 

$

307

 

$

167

 

$

180

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares (a)

 

 

351,066

 

 

284,076

 

 

350,560

 

 

283,832

Effect of dilutive securities (a)

 

 

7,913

 

 

6,378

 

 

7,946

 

 

6,498

Weighted average shares applicable to diluted earnings per share (a)

 

 

358,979

 

 

290,454

 

 

358,506

 

 

290,330

 

 

 

 

 

 

 

 

 

 

 

 

 

Per basic share (a)

 

$

0.28

 

$

1.08

 

$

0.48

 

$

0.63

Per diluted share (a)

 

$

0.28

 

$

1.06

 

$

0.47

 

$

0.62

(a)

Amounts in 2016 have been retrospectively adjusted for the two-for-one stock split that was effective on May 16, 2017.

 

Certain outstanding options were excluded from the diluted earnings per share calculation because they were anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease earnings per share). The options excluded totaled 3 million and 5 million in the three and six months ended June 30, 2017, respectively. The options excluded totaled 4 million in both the three and six months ended June 30, 2016.

 

The company declared and paid dividends of $0.10 per share in the three months ended June 30, 2017, and $0.065 per share in the three months ended March 31, 2017 and 2016, and in the three months ended June 30, 2016 (on a post-stock split basis).