XML 33 R16.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings Per Share
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share (“EPS”)
Basic and diluted earnings per share were computed as follows:

Three Months Ended
March 31, 2020March 31, 2019
(Shares in thousands, dollars in millions, except per share amounts)BasicEffect of
Dilution
DilutedBasicEffect of
Dilution
Diluted
Shareholders’ net income$1,181  $1,181  $1,368  $1,368  
Shares:
Weighted average370,440  370,440  379,387  379,387  
Common stock equivalents4,199  4,199  4,637  4,637  
Total shares370,440  4,199  374,639  379,387  4,637  384,024  
EPS$3.19  $(0.04) $3.15  $3.61  $(0.05) $3.56  
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 March 31,
(In millions)20202019
Anti-dilutive options4.1  2.8  
The Company held approximately 18.8 million shares of common stock in treasury at March 31, 2020, and 3.6 million shares as of March 31, 2019.