Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share


	Quarter Ended March 31,
(dollars in millions, except per share amounts; shares in millions)	2020		2019

Net (loss) income attributable to common shareowners	$	(83)	$	1,346


Basic weighted average number of shares outstanding	858.4		853.2
Stock awards and equity units (share equivalent)	—		7.5
Diluted weighted average number of shares outstanding	858.4		860.7
(Loss) Earnings Per Share of Common Stock:
Basic	$	(0.10)	$	1.58



Diluted	$	(0.10)	$	1.56

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 because the effect would be anti-dilutive. In addition, the computation of diluted earnings per share excludes the effect of the potential exercise of stock awards when the awards’ assumed proceeds exceed the average market price of the common shares during the period. For the quarters ended March 31, 2020 and 2019, the number of stock awards excluded from the computation was approximately 16.7 million and 12.2 million, respectively. All outstanding stock awards are excluded in the computation of diluted earnings per share in the quarter ended March 31, 2020 because their effect was antidilutive due to the loss from continuing operations.