UPS 2015 Annual Report Download - page 127

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115
NOTE 14. EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share
amounts):
2015 2014 2013
Numerator:
Net income attributable to common shareowners $ 4,844 $ 3,032 $ 4,372
Denominator:
Weighted average shares 896 913 937
Deferred compensation obligations 1 1 1
Vested portion of restricted shares 4 2 2
Denominator for basic earnings per share 901 916 940
Effect of Dilutive Securities:
Restricted performance units 4 7 7
Stock options 111
Denominator for diluted earnings per share 906 924 948
Basic Earnings Per Share $ 5.38 $ 3.31 $ 4.65
Diluted Earnings Per Share $ 5.35 $ 3.28 $ 4.61
Diluted earnings per share for the years ended December 31, 2015, 2014, and 2013 exclude the effect of 0.2, 0.1 and
0.1 million shares, respectively, of common stock that may be issued upon the exercise of employee stock options because such
effect would be antidilutive.