Mondelez International, Inc. | 2013 | FY | 3


Note 16. Earnings Per Share

Basic and diluted EPS from continuing and discontinued operations were calculated using the following:

 

                                                        
     For the Years Ended December 31,  
     2013      2012      2011  
     (in millions, except per share data)  

Earnings from continuing operations

   $ 2,332       $ 1,606       $ 1,764   

Earnings from discontinued operations,
net of income taxes

     1,603         1,488         1,810   
  

 

 

    

 

 

    

 

 

 

Net earnings

     3,935         3,094         3,574   

Noncontrolling interest

     20         27         20   
  

 

 

    

 

 

    

 

 

 

Net earnings attributable to Mondelēz International

   $ 3,915       $ 3,067       $ 3,554   
  

 

 

    

 

 

    

 

 

 

Weighted-average shares for basic EPS

     1,774         1,777         1,765   

Plus incremental shares from assumed conversions of
stock options and long-term incentive plan shares

     15         12         7   
  

 

 

    

 

 

    

 

 

 

Weighted-average shares for diluted EPS

     1,789         1,789         1,772   
  

 

 

    

 

 

    

 

 

 

Basic earnings per share attributable to
Mondelēz International:

        

Continuing operations

   $ 1.30       $ 0.90       $ 0.99   

Discontinued operations

     0.91         0.83         1.02   
  

 

 

    

 

 

    

 

 

 

Net earnings attributable to
Mondelēz International

   $ 2.21       $ 1.73       $ 2.01   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per share attributable to
Mondelēz International:

        

Continuing operations

   $ 1.29       $ 0.88       $ 0.99   

Discontinued operations

     0.90         0.83         1.02   
  

 

 

    

 

 

    

 

 

 

Net earnings attributable to
Mondelēz International

   $ 2.19       $ 1.71       $ 2.01   
  

 

 

    

 

 

    

 

 

 

 

We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We excluded 7.0 million antidilutive options for the year ended December 31, 2013, 7.3 million antidilutive options for the year ended December 31, 2012 and 9.2 million antidilutive options for the year ended December 31, 2011. We also evaluated the ASR agreement for the potential dilutive effects of any shares remaining to be received upon final ASR settlement. We determined that the additional shares would be anti-dilutive and therefore were not included in our EPS calculation for the year ended December 31, 2013.


us-gaap:EarningsPerShareTextBlock