Merck & Co. Inc. | 2013 | FY | 3


The calculations of earnings per share are as follows:
Years Ended December 31
2013
 
2012
 
2011
Basic Earnings per Common Share
 
 
 
 
 
Net income attributable to Merck & Co., Inc.
$
4,404

 
$
6,168

 
$
6,272

Less: Income allocated to participating securities

 
3

 
15

Net income allocated to common shareholders
$
4,404

 
$
6,165

 
$
6,257

Average common shares outstanding
2,963

 
3,041

 
3,071

 
$
1.49

 
$
2.03

 
$
2.04

Earnings per Common Share Assuming Dilution
 
 
 
 
 
Net income attributable to Merck & Co., Inc.
$
4,404

 
$
6,168

 
$
6,272

Less: Income allocated to participating securities

 
3

 
15

Net income allocated to common shareholders
$
4,404

 
$
6,165

 
$
6,257

Average common shares outstanding
2,963

 
3,041

 
3,071

Common shares issuable (1)
33

 
35

 
23

Average common shares outstanding assuming dilution
2,996

 
3,076

 
3,094

 
$
1.47

 
$
2.00

 
$
2.02

(1) 
Issuable primarily under share-based compensation plans.

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