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Earnings Per Share of Common Stock (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share of Common Stock  
Computation of basic and diluted earnings per share

 

 

 

For the Three Months Ended

 

 

 

June 30, 2018

 

June 30, 2017

 

Number of shares on which basic earnings per share is calculated:

 

 

 

 

 

Weighted-average shares outstanding during period

 

915,064,434

 

934,923,989

 

Add – Incremental shares under stock-based compensation plans

 

2,882,043

 

3,191,783

 

Add – Incremental shares associated with contingently issuable shares

 

1,452,129

 

1,448,989

 

 

 

 

 

 

 

Number of shares on which diluted earnings per share is calculated

 

919,398,606

 

939,564,761

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (millions)

 

$

2,402

 

$

2,332

 

Income/(loss) from discontinued operations, net of tax (millions)

 

1

 

(1

)

 

 

 

 

 

 

Net income on which basic earnings per share is calculated (millions)

 

$

2,404

 

$

2,331

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (millions)

 

$

2,402

 

$

2,332

 

Net income applicable to contingently issuable shares (millions)

 

(1

)

(2

)

 

 

 

 

 

 

Income from continuing operations on which diluted earnings per share is calculated (millions)

 

$

2,401

 

$

2,331

 

Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated (millions)

 

1

 

(1

)

 

 

 

 

 

 

Net income on which diluted earnings per share is calculated (millions)

 

$

2,403

 

$

2,330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings/(loss) per share of common stock:

 

 

 

 

 

Assuming dilution

 

 

 

 

 

Continuing operations

 

$

2.61

 

$

2.48

 

Discontinued operations

 

0.00

 

0.00

 

 

 

 

 

 

 

Total

 

$

2.61

 

$

2.48

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

Continuing operations

 

$

2.63

 

$

2.49

 

Discontinued operations

 

0.00

 

0.00

 

 

 

 

 

 

 

Total

 

$

2.63

 

$

2.49

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended

 

 

 

June 30, 2018

 

June 30, 2017

 

Number of shares on which basic earnings per share is calculated:

 

 

 

 

 

Weighted-average shares outstanding during period

 

917,872,328

 

938,682,445

 

Add – Incremental shares under stock compensation plans

 

3,217,574

 

3,702,521

 

Add – Incremental shares associated with contingently issuable shares

 

1,314,118

 

1,315,518

 

 

 

 

 

 

 

Number of shares on which diluted earnings per share is calculated

 

922,404,020

 

943,700,484

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (millions)

 

$

4,078

 

$

4,085

 

Income/(loss) from discontinued operations, net of tax (millions)

 

5

 

(3

)

 

 

 

 

 

 

Net income on which basic earnings per share is calculated (millions)

 

$

4,083

 

$

4,082

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations (millions)

 

$

4,078

 

$

4,085

 

Net income applicable to contingently issuable shares (millions)

 

(1

)

(2

)

 

 

 

 

 

 

Income from continuing operations on which diluted earnings per share is calculated (millions)

 

$

4,077

 

$

4,083

 

Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated (millions)

 

5

 

(3

)

 

 

 

 

 

 

Net income on which diluted earnings per share is calculated (millions)

 

$

4,082

 

$

4,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings/(loss) per share of common stock:

 

 

 

 

 

Assuming dilution

 

 

 

 

 

Continuing operations

 

$

4.42

 

$

4.32

 

Discontinued operations

 

0.01

 

0.00

 

 

 

 

 

 

 

Total

 

$

4.43

 

$

4.32

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

Continuing operations

 

$

4.44

 

$

4.35

 

Discontinued operations

 

0.01

 

0.00

 

 

 

 

 

 

 

Total

 

$

4.45

 

$

4.35