Earnings Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

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 nine months ended September 30, 2025 and 2024.

(Dollars in millions except per share amounts)
For the three months ended September 30:	2025		2024
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	933,861,791		923,577,526
Add — Incremental shares under stock-based compensation plans	12,486,696		—
Add — Incremental shares associated with contingently issuable shares	2,582,540		—
Number of shares on which diluted earnings per share is calculated	948,931,026		923,577,526
Income/(loss) from continuing operations	$	1,744	$	(317)
Income/(loss) from discontinued operations, net of tax	0		(13)
Net income/(loss) on which basic and dilutive earnings per share is calculated	$	1,744	$	(330)
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	1.84	$	(0.34)
Discontinued operations	0.00		(0.01)
Total	$	1.84	$	(0.36)
Basic
Continuing operations	$	1.87	$	(0.34)
Discontinued operations	0.00		(0.01)
Total	$	1.87	$	(0.36)

(Dollars in millions except per share amounts)
For the nine months ended September 30:	2025		2024
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	930,891,930		920,347,948
Add — Incremental shares under stock-based compensation plans	14,132,523		12,829,572
Add — Incremental shares associated with contingently issuable shares	2,395,938		2,247,712
Number of shares on which diluted earnings per share is calculated	947,420,391		935,425,233
Income from continuing operations	$	4,992	$	3,088
Income from discontinued operations, net of tax	1		21
Net income on which basic and dilutive earnings per share is calculated	$	4,993	$	3,109
Earnings per share of common stock:
Assuming dilution
Continuing operations	$	5.27	$	3.30
Discontinued operations	0.00		0.02
Total	$	5.27	$	3.32
Basic
Continuing operations	$	5.36	$	3.36
Discontinued operations	0.00		0.02
Total	$	5.36	$	3.38