Earnings Per Share

12 Months Ended

Dec. 31, 2023

NOTE 4: EARNINGS PER SHARE


(dollars in millions, except per share amounts; shares in millions)	2023		2022		2021
Net income attributable to common shareowners:
Income from continuing operations	$	3,195	$	5,216	$	3,897
Loss from discontinued operations	—		(19)		(33)
Net income attributable to common shareowners	$	3,195	$	5,197	$	3,864
Basic weighted average number of shares outstanding	1,426.0		1,475.5		1,501.6
Stock awards and equity units (share equivalent)	9.4		10.4		6.9
Diluted weighted average number of shares outstanding	1,435.4		1,485.9		1,508.5
Earnings (loss) per share attributable to common shareowners - basic
Income from continuing operations	$	2.24	$	3.54	$	2.60
Loss from discontinued operations	—		(0.02)		(0.03)
Net income attributable to common shareowners	$	2.24	$	3.52	$	2.57
Earnings (loss) per share attributable to common shareowners - diluted
Income from continuing operations	$	2.23	$	3.51	$	2.58
Loss from discontinued operations	—		(0.01)		(0.02)
Net income attributable to common shareowners	$	2.23	$	3.50	$	2.56

The computation of diluted earnings per share (EPS) 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 EPS excludes the effect of the potential release or exercise of stock awards when the awards’ assumed proceeds exceed the average market price of the common shares during the period. For 2023, 2022, and 2021, there were 9.6 million, 6.2 million, and 13.4 million stock awards excluded from the computation, respectively.