Earnings Per Share of Common Stock

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2026 and 2025.


($ in millions, except per share amounts)
For the three months ended June 30:	2026		2025
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	941,192,024		930,807,276
Add — Incremental shares under stock-based compensation plans	10,069,555		14,690,010
Add — Incremental shares associated with contingently issuable shares	2,001,955		2,464,631
Number of shares on which diluted earnings per share is calculated	953,263,534		947,961,917

Income from continuing operations	$	2,166	$	2,193
Income/(loss) from discontinued operations, net of tax	(1)		1
Net income on which basic and dilutive earnings per share is calculated	$	2,165	$	2,194

Earnings per share of common stock:
Assuming dilution
Continuing operations	$	2.27	$	2.31
Discontinued operations	0.00		0.00
Total	$	2.27	$	2.31
Basic
Continuing operations	$	2.30	$	2.36
Discontinued operations	0.00		0.00
Total	$	2.30	$	2.36

Stock options to purchase 1,846,813 shares and 1,852,037 shares were outstanding as of June 30, 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.


($ in millions, except per share amounts)
For the six months ended June 30:	2026		2025
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	939,862,828		929,407,000
Add — Incremental shares under stock-based compensation plans	10,872,261		14,955,436
Add — Incremental shares associated with contingently issuable shares	1,962,206		2,302,637
Number of shares on which diluted earnings per share is calculated	952,697,295		946,665,073

Income from continuing operations	$	3,382	$	3,248
Income/(loss) from discontinued operations, net of tax	(1)		1
Net income on which basic and dilutive earnings per share is calculated	$	3,381	$	3,249

Earnings per share of common stock:
Assuming dilution
Continuing operations	$	3.55	$	3.43
Discontinued operations	0.00		0.00
Total	$	3.55	$	3.43
Basic
Continuing operations	$	3.60	$	3.49
Discontinued operations	0.00		0.00
Total	$	3.60	$	3.50

Stock options to purchase 937,349 shares and 1,855,810 shares (average of first and second quarter share amounts) were outstanding as of June 30, 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.