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Income per Common Share
9 Months Ended
Sep. 30, 2013
Income Per Common Share Disclosure [Abstract]  
Income per Common Share [Text Block]
Income per Common Share
Basic income per share is based on the weighted average number of common shares outstanding.  Diluted income per share assumes exercise of stock options and stock appreciation rights, provided the effect is not antidilutive.
 
Three Months Ended September 30,
 
2013
 
2012
(In millions, except per share data)
Basic
 
Diluted
 
Basic
 
Diluted
Net income
$
569

 
$
569

 
$
450

 
$
450

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
707

 
707

 
706

 
706

Effect of dilutive securities

 
4

 

 
3

Weighted average common shares, including
 
 
 
 
 
 
 
dilutive effect
707

 
711

 
706

 
709

Per share:
 

 
 

 
 

 
 

Net income

$0.80

 

$0.80

 

$0.64

 

$0.63

 
 
Nine Months Ended September 30,
 
2013
 
2012
(In millions, except per share data)
Basic
 
Diluted
 
Basic
 
Diluted
Net income
$
1,378

 
$
1,378

 
$
1,260

 
$
1,260

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
708

 
708

 
705

 
705

Effect of dilutive securities

 
4

 

 
4

Weighted average common shares, including
 
 
 
 
 
 
 
dilutive effect
708

 
712

 
705

 
709

Per share:
 

 
 

 
 

 
 

Net income
$1.95
 
$1.94
 
$1.79
 
$1.78

The per share calculations above exclude 4 million and 5 million stock options for the third quarter and first nine months of 2013, as they were antidilutive. Excluded for the third quarter and first nine months of 2012 were 10 million stock options.