Earnings Per Share of Common Stock

3 Months Ended

Mar. 31, 2025

Earnings Per Share of Common Stock:

The following tables provide the computation of basic and diluted earnings per share of common stock for the three months ended March 31, 2025 and 2024.


(Dollars in millions except per share amounts)
For the three months ended March 31:	2025		2024
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	928,006,724		917,178,779
Add — Incremental shares under stock-based compensation plans	15,220,862		14,256,390
Add — Incremental shares associated with contingently issuable shares	2,140,642		1,996,144
Number of shares on which diluted earnings per share is calculated	945,368,229		933,431,312

Income from continuing operations	$	1,054	$	1,575
Income from discontinued operations, net of tax	1		30
Net income on which basic and dilutive earnings per share is calculated	$	1,055	$	1,605

Earnings per share of common stock:
Assuming dilution
Continuing operations	$	1.12	$	1.69
Discontinued operations	0.00		0.03
Total	$	1.12	$	1.72
Basic
Continuing operations	$	1.14	$	1.72
Discontinued operations	0.00		0.03
Total	$	1.14	$	1.75

Stock options to purchase 1,859,582 shares and 61,359 shares were outstanding as of March 31, 2025 and 2024, respectively, but were not included in the computation of diluted earnings per share because the exercise price of the options during the respective period was greater than the average market price of the common shares, and therefore, the effect would have been antidilutive.