Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Note 5 – Earnings Per Share (“EPS”)Basic and diluted earnings per share were computed as follows:

	Three Months Ended
	June 30, 2019						June 30, 2018
(Shares in thousands, dollars in millions, except per share amounts)			Effect of						Effect of
	Basic		Dilution		Diluted		Basic		Dilution		Diluted
Shareholders’ net income	$	1,408			$	1,408	$	806			$	806
Shares:
Weighted average		377,962				377,962		242,453				242,453
Common stock equivalents				3,007		3,007				2,886		2,886
Total shares		377,962		3,007		380,969		242,453		2,886		245,339
EPS	$	3.73	$	(0.03)	$	3.70	$	3.32	$	(0.03)	$	3.29

	Six Months Ended
	June 30, 2019						June 30, 2018
(Shares in thousands, dollars in millions, except per share amounts)			Effect of						Effect of
	Basic		Dilution		Diluted		Basic		Dilution		Diluted
Shareholders’ net income	$	2,776			$	2,776	$	1,721			$	1,721
Shares:
Weighted average		378,672				378,672		242,316				242,316
Common stock equivalents				3,824		3,824				3,248		3,248
Total shares		378,672		3,824		382,496		242,316		3,248		245,564
EPS	$	7.33	$	(0.07)	$	7.26	$	7.10	$	(0.09)	$	7.01

The following outstanding employee stock options were not included in the computation of diluted earnings per share because their effect was anti-dilutive.

	Three Months Ended		Six Months Ended
	June 30,		June 30,
(In millions)	2019	2018	2019	2018
Anti-dilutive options	5.4	0.9	4.1	0.9