Earnings Per Share of Common Stock

9 Months Ended

Sep. 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 nine months ended September 30, 2026 and 2025.


($ in millions, except per share amounts)
For the three months ended September 30:	2026		2025
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	944,400,458		933,861,791
Add — Incremental shares under stock-based compensation plans	6,984,869		12,486,696
Add — Incremental shares associated with contingently issuable shares	2,138,160		2,582,540
Number of shares on which diluted earnings per share is calculated	953,523,487		948,931,026

Income from continuing operations	$	2,199	$	1,744
Income/(loss) from discontinued operations, net of tax	(10)		0
Net income on which basic and dilutive earnings per share is calculated	$	2,190	$	1,744

Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	2.31	$	1.84
Discontinued operations	(0.01)		0.00
Total	$	2.30	$	1.84
Basic
Continuing operations	$	2.33	$	1.87
Discontinued operations	(0.01)		0.00
Total	$	2.32	$	1.87

Stock options to purchase 3,447,784 shares and 1,803,688 shares were outstanding as of September 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 nine months ended September 30:	2026		2025
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	941,375,371		930,891,930
Add — Incremental shares under stock-based compensation plans	9,576,464		14,132,523
Add — Incremental shares associated with contingently issuable shares	2,020,857		2,395,938
Number of shares on which diluted earnings per share is calculated	952,972,693		947,420,391

Income from continuing operations	$	5,581	$	4,992
Income/(loss) from discontinued operations, net of tax	(10)		1
Net income on which basic and dilutive earnings per share is calculated	$	5,571	$	4,993

Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	5.86	$	5.27
Discontinued operations	(0.01)		0.00
Total	$	5.85	$	5.27
Basic
Continuing operations	$	5.93	$	5.36
Discontinued operations	(0.01)		0.00
Total	$	5.92	$	5.36

Stock options to purchase 1,774,161 shares and 1,838,436 shares (average of first, second and third quarter share amounts) were outstanding as of September 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.