Earnings Per Share of Common Stock

3 Months Ended

Mar. 31, 2026

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, 2026 and 2025.


($ in millions, except per share amounts)
For the three months ended March 31:	2026		2025
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	938,533,632		928,006,724
Add — Incremental shares under stock-based compensation plans	11,674,968		15,220,862
Add — Incremental shares associated with contingently issuable shares	1,922,457		2,140,642
Number of shares on which diluted earnings per share is calculated	952,131,057		945,368,229

Income from continuing operations	$	1,216	$	1,054
Income from discontinued operations, net of tax	0		1
Net income on which basic and dilutive earnings per share is calculated	$	1,216	$	1,055

Earnings per share of common stock:
Assuming dilution
Continuing operations	$	1.28	$	1.12
Discontinued operations	0.00		0.00
Total	$	1.28	$	1.12
Basic
Continuing operations	$	1.30	$	1.14
Discontinued operations	0.00		0.00
Total	$	1.30	$	1.14

Stock options to purchase 27,885 shares and 1,859,582 shares were outstanding as of March 31, 2026 and 2025, 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.