Earnings Per Share of Common Stock (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Computation of basic and diluted earnings/(loss) per share

The following table provides the computation of basic and diluted earnings per share of common stock for the three months ended March 31, 2024 and 2023.

(Dollars in millions except per share amounts)
For the three months ended March 31:	2024		2023
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	917,178,779		907,526,887
Add — Incremental shares under stock-based compensation plans	14,256,390		8,609,239
Add — Incremental shares associated with contingently issuable shares	1,996,144		1,709,153
Number of shares on which diluted earnings per share is calculated	933,431,312		917,845,279
Income from continuing operations	$	1,575	$	934
Income/(loss) from discontinued operations, net of tax	30		(7)
Net income on which basic earnings per share is calculated	$	1,605	$	927
Income from continuing operations	$	1,575	$	934
Net income applicable to contingently issuable shares	—		—
Income from continuing operations on which diluted earnings per share is calculated	$	1,575	$	934
Income/(loss) from discontinued operations, net of tax, on which diluted earnings per share is calculated	30		(7)
Net income on which diluted earnings per share is calculated	$	1,605	$	927
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	1.69	$	1.02
Discontinued operations	0.03		(0.01)
Total	$	1.72	$	1.01
Basic
Continuing operations	$	1.72	$	1.03
Discontinued operations	0.03		(0.01)
Total	$	1.75	$	1.02