Earnings Per Share of Common Stock (Tables)

6 Months Ended

Jun. 30, 2024

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

The following tables provide the computation of basic and diluted earnings per share of common stock for the three and six months ended June 30, 2024 and 2023.


(Dollars in millions except per share amounts)
For the three months ended June 30:	2024		2023
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	920,287,541		909,855,943
Add — Incremental shares under stock-based compensation plans	11,883,820		7,584,035
Add — Incremental shares associated with contingently issuable shares	2,226,234		2,012,519
Number of shares on which diluted earnings per share is calculated	934,397,595		919,452,496

Income from continuing operations	$	1,830	$	1,581
Income from discontinued operations, net of tax	4		2
Net income on which basic earnings per share is calculated	$	1,834	$	1,583

Income from continuing operations	$	1,830	$	1,581
Net income applicable to contingently issuable shares	—		—
Income from continuing operations on which diluted earnings per share is calculated	$	1,830	$	1,581
Income from discontinued operations, net of tax, on which diluted earnings per share is calculated	4		2
Net income on which diluted earnings per share is calculated	$	1,834	$	1,583

Earnings per share of common stock:
Assuming dilution
Continuing operations	$	1.96	$	1.72
Discontinued operations	0.00		0.00
Total	$	1.96	$	1.72
Basic
Continuing operations	$	1.99	$	1.74
Discontinued operations	0.00		0.00
Total	$	1.99	$	1.74


(Dollars in millions except per share amounts)
For the six months ended June 30:	2024		2023
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	918,733,160		908,691,415
Add — Incremental shares under stock-based compensation plans	13,070,105		8,096,637
Add — Incremental shares associated with contingently issuable shares	2,111,189		1,860,836
Number of shares on which diluted earnings per share is calculated	933,914,454		918,648,888

Income from continuing operations	$	3,405	$	2,515
Income/(loss) from discontinued operations, net of tax	34		(4)
Net income on which basic earnings per share is calculated	$	3,439	$	2,511

Income from continuing operations	$	3,405	$	2,515
Net income applicable to contingently issuable shares	—		—
Income from continuing operations on which diluted earnings per share is calculated	$	3,405	$	2,515
Income/(loss) from discontinued operations, net of tax, on which diluted earnings per share is calculated	34		(4)
Net income on which diluted earnings per share is calculated	$	3,439	$	2,511

Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	3.65	$	2.74
Discontinued operations	0.04		0.00
Total	$	3.68	$	2.73
Basic
Continuing operations	$	3.71	$	2.77
Discontinued operations	0.04		0.00
Total	$	3.74	$	2.76