In millions, except per share amounts | 2013 | 2012 | 2011 | ||||||||
Earnings (loss) from continuing operations | $ | 1,350 | $ | 749 | $ | 1,273 | |||||
Effect of dilutive securities (a) | — | — | — | ||||||||
Earnings (loss) from continuing operations –assuming dilution | $ | 1,350 | $ | 749 | $ | 1,273 | |||||
Average common shares outstanding | 443.3 | 435.2 | 432.2 | ||||||||
Effect of dilutive securities (a): | |||||||||||
Restricted performance share plan | 4.5 | 5.0 | 4.8 | ||||||||
Stock options (b) | 0.3 | — | — | ||||||||
Average common shares outstanding – assuming dilution | 448.1 | 440.2 | 437.0 | ||||||||
Basic earnings (loss) per share from continuing operations | $ | 3.05 | $ | 1.72 | $ | 2.95 | |||||
Diluted earnings (loss) per share from continuing operations | $ | 3.01 | $ | 1.70 | $ | 2.92 |
(a) | Securities are not included in the table in periods when antidilutive. |
(b) | Options to purchase 0.0 million, 9.1 million and 15.6 million shares for the years ended December 31,2013, 2012 and 2011, respectively, were not included in the computation of diluted common shares outstanding because their exercise price exceeded the average market price of the Company’s common stock for each respective reporting date. |