Earnings Per Share

3 Months Ended

Mar. 31, 2024

Note 4: Earnings Per Share


	Quarter Ended March 31,
(dollars and shares in millions, except per share amounts)	2024		2023



Net income attributable to common shareowners	$	1,709	$	1,426
Basic weighted average number of shares outstanding	1,329.4		1,462.2
Stock awards and equity units (share equivalent)	7.9		12.0
Diluted weighted average number of shares outstanding	1,337.3		1,474.2
Earnings Per Share attributable to common shareowners:


Basic	$	1.29	$	0.98



Diluted	1.28		0.97

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 the quarters ended March 31, 2024 and 2023, the number of stock awards excluded from the computation was 15.3 million and 4.1 million, respectively.