Earnings Per Share

3 Months Ended

Mar. 31, 2014

Notes to Condensed Consolidated Financial Statements [Abstract]

Earnings Per Share

Earnings Per Share

	Quarter Ended March 31,
(Dollars in millions, except per share amounts; shares in millions)	2014		2013
Net income attributable to common shareowners:
Net income from continuing operations	$	1,213	$	1,270
Net loss from discontinued operations	—		(4		)
Net income attributable to common shareowners	$	1,213	$	1,266
Basic weighted average number of shares outstanding	900.9		901.3
Stock awards and equity units	16.1		12.5
Diluted weighted average number of shares outstanding	917.0		913.8
Earnings Per Share of Common Stock - Basic:
Net income from continuing operations	$	1.35	$	1.41
Net income attributable to common shareowners	1.35		1.40
Earnings Per Share of Common Stock - Diluted:
Net income from continuing operations	$	1.32	$	1.39
Net income attributable to common shareowners	1.32		1.39

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 quarters ended March 31, 2014 and 2013, there were no anti-dilutive stock awards excluded from the computation.