Note 16. Earnings Per Share
Basic and diluted EPS from continuing and discontinued operations were calculated using the following:
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| 2013 | 2012 | 2011 | ||||||||||
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Earnings from continuing operations |
$ | 2,332 | $ | 1,606 | $ | 1,764 | ||||||
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Earnings from discontinued operations, |
1,603 | 1,488 | 1,810 | |||||||||
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Net earnings |
3,935 | 3,094 | 3,574 | |||||||||
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Noncontrolling interest |
20 | 27 | 20 | |||||||||
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Net earnings attributable to Mondelēz International |
$ | 3,915 | $ | 3,067 | $ | 3,554 | ||||||
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Weighted-average shares for basic EPS |
1,774 | 1,777 | 1,765 | |||||||||
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Plus incremental shares from assumed conversions of |
15 | 12 | 7 | |||||||||
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Weighted-average shares for diluted EPS |
1,789 | 1,789 | 1,772 | |||||||||
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Basic earnings per share attributable to |
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Continuing operations |
$ | 1.30 | $ | 0.90 | $ | 0.99 | ||||||
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Discontinued operations |
0.91 | 0.83 | 1.02 | |||||||||
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Net earnings attributable to |
$ | 2.21 | $ | 1.73 | $ | 2.01 | ||||||
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Diluted earnings per share attributable to |
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Continuing operations |
$ | 1.29 | $ | 0.88 | $ | 0.99 | ||||||
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Discontinued operations |
0.90 | 0.83 | 1.02 | |||||||||
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Net earnings attributable to |
$ | 2.19 | $ | 1.71 | $ | 2.01 | ||||||
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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.