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Profit Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computations of profit per share
 
 
 
 
 
 
 
 
 
 
 
Computations of profit per share:
Three Months Ended
June 30
 
Six Months Ended
June 30
(Dollars in millions except per share data)
2018
 
2017
 
2018
 
2017
Profit for the period (A) 1
$
1,707

 
$
802

 
$
3,372

 
$
994

Determination of shares (in millions):
 
 
 

 
 
 
 
Weighted-average number of common shares outstanding (B)
596.2

 
590.2

 
597.0

 
588.8

Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price
8.0

 
5.2

 
9.1

 
5.6

Average common shares outstanding for fully diluted computation (C) 2
604.2

 
595.4

 
606.1

 
594.4

Profit per share of common stock:
 

 
 

 
 
 
 
Assuming no dilution (A/B)
$
2.86

 
$
1.36

 
$
5.65

 
$
1.69

Assuming full dilution (A/C) 2
$
2.82

 
$
1.35

 
$
5.56

 
$
1.67

Shares outstanding as of June 30 (in millions)
 
 
 
 
594.3


591.0

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