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Earnings Per Share
 9 Months Ended
Sep. 30, 2013
Notes to Condensed Consolidated Financial Statements [Abstract]  
Earnings Per Share
Earnings Per Share
 
Quarter Ended September 30,
 
Nine Months Ended September 30,
(Dollars in millions, except per share amounts; shares in millions)
2013
 
2012
 
2013
 
2012
Net income attributable to common shareowners:
 
 
 
 
 
 
 
Net income from continuing operations
$
1,415

 
$
1,247

 
$
4,237

 
$
3,902

Net income (loss) from discontinued operations
17

 
168

 
21

 
(829
)
Net income attributable to common shareowners
$
1,432

 
$
1,415

 
$
4,258

 
$
3,073

Basic weighted average number of shares outstanding
900.8

 
896.3

 
900.9

 
893.6

Stock awards and equity units
14.7

 
10.9

 
13.2

 
11.7

Diluted weighted average number of shares outstanding
915.5

 
907.2

 
914.1

 
905.3

Earnings (Loss) Per Share of Common Stock - Basic:
 
 
 
 
 
 
 
Net income from continuing operations
$
1.57

 
$
1.39

 
$
4.70

 
$
4.37

Net income (loss) from discontinued operations
0.02

 
0.19

 
0.02

 
(0.93
)
Net income attributable to common shareowners
1.59

 
1.58

 
4.73

 
3.44

Earnings (Loss) Per Share of Common Stock - Diluted:
 
 
 
 
 
 
 
Net income from continuing operations
$
1.55

 
$
1.37

 
$
4.64

 
$
4.31

Net income (loss) from discontinued operations
0.02

 
0.19

 
0.02

 
(0.92
)
Net income attributable to common shareowners
1.57

 
1.56

 
4.66

 
3.39



The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock appreciation rights and stock options, when the average market price of the common stock is lower than the exercise price of the related stock awards during the period. These outstanding stock awards are not included in the computation of diluted earnings per share because the effect would be anti-dilutive. For the quarter and nine months ended September 30, 2013 there were no anti-dilutive stock awards excluded from the computation. For the quarter and nine months ended September 30, 2012, the number of stock awards excluded from the computation was 6.1 million and 4.8 million, respectively. The dilutive impact of our equity units issued in 2012 was not significant for the quarter and nine months ended September 30, 2013. There was no impact on diluted earnings per share due to equity units for the quarter and nine months ended September 30, 2012.