XML 30 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 3: Earnings Per Share
6 Months Ended
Jun. 30, 2012
Notes to Condensed Consolidated Financial Statements [Abstract]  
Note 3: Earnings Per Share

Note 3: Earnings Per Share

   Quarter Ended June 30, Six Months Ended June 30,
(Dollars in millions, except per share amounts; shares in millions) 2012 2011  2012  2011
Net income from continuing operations $ 1,466 $ 1,288 $ 2,655 $ 2,261
Net (loss) income from discontinued operations   (138)   30   (997)   69
 Net income attributable to common shareowners $ 1,328 $ 1,318 $ 1,658 $ 2,330
              
             
Basic weighted average number of shares outstanding   893.4   892.9   892.1   895.9
Stock awards   11.4   16.9   12.1   16.5
 Diluted weighted average number of shares outstanding   904.8   909.8   904.2   912.4
              
Earnings (Loss) Per Share of Common Stock - Basic:            
 Net income from continuing operations $1.64 $1.44 $2.98 $2.52
 Net (loss) income from discontinued operations  (0.16)  0.03  (1.12)  0.08
 Net income attributable to common shareowners   1.49  1.48   1.86  2.60
              
Earnings (Loss) Per Share of Common Stock - Diluted:            
 Net income from continuing operations $1.62 $1.41 $2.94 $2.48
 Net (loss) income from discontinued operations  (0.15)  0.03  (1.10)  0.08
 Net income attributable to common shareowners   1.47  1.45   1.83  2.55

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 ended June 30, 2012, the number of stock awards excluded from the computation was 6.2 million. For the six months ended June 30, 2012, there were no anti-dilutive stock awards excluded from the computation. There were no anti-dilutive stock awards excluded from the computation for the quarter and six months ended June 30, 2011. On June 18, 2012, we issued 22,000,000 Equity Units, which did not impact diluted earnings per share in the quarter or six months ended June 30, 2012.