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Profit Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computations of profit per share
 
 
 
 
 
 
 
Computations of profit per share:
Three Months Ended
March 31,
(Dollars in millions except per share data)
2015
 
2014
Profit for the period (A) 1
$
1,111

 
$
922

Determination of shares (in millions):
 
 
 

Weighted-average number of common shares outstanding (B)
604.9

 
626.7

Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price
7.8

 
12.6

Average common shares outstanding for fully diluted computation (C) 2
612.7

 
639.3

Profit per share of common stock:
 

 
 

Assuming no dilution (A/B)
$
1.84

 
$
1.47

Assuming full dilution (A/C) 2
$
1.81

 
$
1.44

Shares outstanding as of March 31 (in millions)
603.6

 
624.2



1 
Profit attributable to common stockholders.
2 
Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.