Years Ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
(In millions, except share and per share data) | |||||||||||
Weighted Average Shares: | |||||||||||
Weighted average common stock outstanding for basic earnings per common share | 1,105,579,693 | 1,070,755,561 | 1,059,580,442 | ||||||||
Incremental common shares from assumed: | |||||||||||
Stock purchase contracts underlying common equity units (1) | 1,164,018 | — | 1,641,444 | ||||||||
Exercise or issuance of stock-based awards | 9,458,999 | 6,084,078 | 6,872,474 | ||||||||
Weighted average common stock outstanding for diluted earnings per common share | 1,116,202,710 | 1,076,839,639 | 1,068,094,360 | ||||||||
Income (Loss) from Continuing Operations: | |||||||||||
Income (loss) from continuing operations, net of income tax | $ | 3,391 | $ | 1,314 | $ | 6,391 | |||||
Less: Income (loss) from continuing operations, net of income tax, attributable to noncontrolling interests | 25 | 38 | (8 | ) | |||||||
Less: Preferred stock dividends | 122 | 122 | 122 | ||||||||
Preferred stock redemption premium | — | — | 146 | ||||||||
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common shareholders | $ | 3,244 | $ | 1,154 | $ | 6,131 | |||||
Basic | $ | 2.94 | $ | 1.08 | $ | 5.79 | |||||
Diluted | $ | 2.91 | $ | 1.08 | $ | 5.74 | |||||
Income (Loss) from Discontinued Operations: | |||||||||||
Income (loss) from discontinued operations, net of income tax | $ | 2 | $ | 48 | $ | 24 | |||||
Less: Income (loss) from discontinued operations, net of income tax, attributable to noncontrolling interests | — | — | — | ||||||||
Income (loss) from discontinued operations, net of income tax, available to MetLife, Inc.’s common shareholders | $ | 2 | $ | 48 | $ | 24 | |||||
Basic | $ | — | $ | 0.04 | $ | 0.02 | |||||
Diluted | $ | — | $ | 0.04 | $ | 0.02 | |||||
Net Income (Loss): | |||||||||||
Net income (loss) | $ | 3,393 | $ | 1,362 | $ | 6,415 | |||||
Less: Net income (loss) attributable to noncontrolling interests | 25 | 38 | (8 | ) | |||||||
Less: Preferred stock dividends | 122 | 122 | 122 | ||||||||
Preferred stock redemption premium | — | — | 146 | ||||||||
Net income (loss) available to MetLife, Inc.’s common shareholders | $ | 3,246 | $ | 1,202 | $ | 6,155 | |||||
Basic | $ | 2.94 | $ | 1.12 | $ | 5.81 | |||||
Diluted | $ | 2.91 | $ | 1.12 | $ | 5.76 | |||||
(1) | See Note 15 for a description of the Company’s common equity units. For the year ended December 31, 2012, all shares related to the assumed issuance of shares in settlement of the applicable purchase contracts have been excluded from the calculation of diluted earnings per common share as these assumed shares are anti-dilutive. |