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Earnings Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
Note 6 – Earnings Per Share
Basic and diluted earnings per share were computed as follows:
Three Months Ended
June 30, 2025June 30, 2024
(Shares in thousands, dollars in millions, except per share amounts)BasicEffect of
Dilution
DilutedBasicEffect of
Dilution
Diluted
Shareholders' net income$1,532 $1,532 $1,548 $1,548 
Shares:
Weighted average266,181 266,181 281,133 281,133 
Common stock equivalents1,973 1,973 2,919 2,919 
Total shares266,181 1,973 268,154 281,133 2,919 284,052 
Earnings per share$5.76 $(0.05)$5.71 $5.51 $(0.06)$5.45 
Six Months Ended
June 30, 2025June 30, 2024
(Shares in thousands, dollars in millions, except per share amounts)BasicEffect of
Dilution
DilutedBasicEffect of
Dilution
Diluted
Shareholders' net income
$2,855 $2,855 $1,271 $1,271 
Shares:
Weighted average268,511 268,511 283,799 283,799 
Common stock equivalents2,029 2,029 3,085 3,085 
Total shares268,511 2,029 270,540 283,799 3,085 286,884 
Earnings per share$10.63 $(0.08)$10.55 $4.48 $(0.05)$4.43 
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 June 30,Six Months Ended June 30,
(In millions)2025202420252024
Anti-dilutive options1.5 0.8 1.9 1.2 
The Company held approximately 137.4 million shares of common stock in treasury as of June 30, 2025, 128.7 million shares as of December 31, 2024 and 122.5 million shares as of June 30, 2024.