Computations of profit per share:

Three Months Ended June 30

Six Months Ended June 30

(Dollars in millions except per share data)

2021

2020

2021

2020

Profit for the period (A) 1

$

1,413

$

458

$

2,943

$

1,550

Determination of shares (in millions):

Weighted-average number of common shares outstanding (B)

547.9

541.5

547.1

544.5

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

4.2

3.0

4.7

3.7

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

552.1

544.5

551.8

548.2

Profit per share of common stock:

Assuming no dilution (A/B)

$

2.58

$

0.84

$

5.38

$

2.85

Assuming full dilution (A/C) 2

$

2.56

$

0.84

$

5.33

$

2.83

Shares outstanding as of June 30 (in millions)

547.5

541.5

1 Profit attributable to common shareholders.

2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.