Net loss available to ordinary shareholders of Amcor plc from discontinued operations—basic and diluted

  
Note 19 - Earnings Per Share Computations  
    The Company applies the two-class method when computing its earnings per share ("EPS"), which requires that net income per share for each class of share be calculated assuming all of the Company's net income is distributed as dividends to each class of share based on their contractual rights.  
    Basic EPS is computed by dividing net income available to ordinary shareholders by the weighted-average number of ordinary shares outstanding after excluding the ordinary shares to be repurchased using forward contracts. Diluted EPS includes the effects of share options, restricted shares, performance rights, performance shares, and share rights, if dilutive.

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   |  | Years ended June 30,  |  |  |
| ($ in millions, except per share amounts) |  | 2022 |  | 2021 |  | 2020 |  |  |  |  |
| Numerator |  |   |  |   |  |  |  |  |  |  |
| Net income attributable to Amcor plc |  | $ | 805  |  |  | $ | 939  |  |  | $ | 612  |  |  |  |  |  |
| Distributed and undistributed earnings attributable to shares to be repurchased |  | (3) |  |  | (2) |  |  | —  |  |  |  |  |  |
| Net income available to ordinary shareholders of Amcor plc—basic and diluted |  | $ | 802  |  |  | $ | 937  |  |  | $ | 612  |  |  |  |  |  |
| Net income available to ordinary shareholders of Amcor plc from continuing operations—basic and diluted |  | $ | 802  |  |  | $ | 937  |  |  | $ | 620  |  |  |  |  |  |
| Net loss available to ordinary shareholders of Amcor plc from discontinued operations—basic and diluted |  | $ | —  |  |  | $ | —  |  |  | $ | (8) |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Denominator |  |  |  |  |  |  |  |  |  |  |
| Weighted-average ordinary shares outstanding |  | 1,514  |  |  | 1,553  |  |  | 1,601  |  |  |  |  |  |
| Weighted-average ordinary shares to be repurchased by Amcor plc |  | (5) |  |  | (2) |  |  | (1) |  |  |  |  |  |
| Weighted-average ordinary shares outstanding for EPS—basic |  | 1,509  |  |  | 1,551  |  |  | 1,600  |  |  |  |  |  |
| Effect of dilutive shares |  | 6  |  |  | 5  |  |  | 2  |  |  |  |  |  |
| Weighted-average ordinary shares outstanding for EPS—diluted |  | 1,516  |  |  | 1,556  |  |  | 1,602  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Per ordinary share income |  |  |  |  |  |  |  |  |  |  |
| Income from continuing operations |  | $ | 0.532  |  |  | $ | 0.604  |  |  | $ | 0.387  |  |  |  |  |  |
| Loss from discontinued operations |  | —  |  |  | —  |  |  | (0.005) |  |  |  |  |  |
| Basic earnings per ordinary share |  | $ | 0.532  |  |  | $ | 0.604  |  |  | $ | 0.382  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |
| Income from continuing operations |  | $ | 0.529  |  |  | $ | 0.602  |  |  | $ | 0.387  |  |  |  |  |  |
| Loss from discontinued operations |  | —  |  |  | —  |  |  | (0.005) |  |  |  |  |  |
| Diluted earnings per ordinary share |  | $ | 0.529  |  |  | $ | 0.602  |  |  | $ | 0.382  |  |  |  |  |  |

  
    Certain stock awards outstanding were not included in the computation of diluted earnings per share above because they would not have had a dilutive effect. The excluded stock awards represented an aggregate of 7 million, 6 million, and 37 million shares at June 30, 2022, 2021, and 2020, respectively. Basic and diluted weighted average ordinary shares outstanding have decreased in fiscal years 2022 and 2021 due to share repurchases.   
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