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Earnings Per Share of Common Stock (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share of Common Stock  
Computation of basic and diluted earnings per share

For the Three Months Ended

    

June 30, 2019

    

June 30, 2018

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

 

  

 

  

Weighted-average shares outstanding during period

 

886,273,682

 

915,064,434

Add — Incremental shares under stock-based compensation plans

 

3,281,570

 

2,882,043

Add — Incremental shares associated with contingently issuable shares

 

1,276,549

 

1,452,129

Number of shares on which diluted earnings per share is calculated

 

890,831,801

 

919,398,606

Income from continuing operations (millions)

$

2,499

$

2,402

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

 

(1)

 

1

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

$

2,498

$

2,404

Income from continuing operations (millions)

$

2,499

$

2,402

Net income applicable to contingently issuable shares (millions)

 

0

 

(1)

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

$

2,500

$

2,401

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)

$

2,499

$

2,403

Earnings/(loss) per share of common stock:

 

  

 

  

Assuming dilution

 

  

 

  

Continuing operations

$

2.81

$

2.61

Discontinued operations

 

0.00

 

0.00

Total

$

2.81

$

2.61

Basic

 

  

 

  

Continuing operations

$

2.82

$

2.63

Discontinued operations

 

0.00

 

0.00

Total

$

2.82

$

2.63

For the Six Months Ended

    

June 30, 2019

    

June 30, 2018

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

 

  

 

  

Weighted-average shares outstanding during period

 

887,927,612

 

917,872,328

Add — Incremental shares under stock-based compensation plans

 

3,327,015

 

3,217,574

Add — Incremental shares associated with contingently issuable shares

 

1,116,537

 

1,314,118

Number of shares on which diluted earnings per share is calculated

 

892,371,164

 

922,404,020

Income from continuing operations (millions)

$

4,093

$

4,078

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

 

(4)

 

5

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

$

4,089

$

4,083

Income from continuing operations (millions)

$

4,093

$

4,078

Net income applicable to contingently issuable shares (millions)

 

0

 

(1)

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

$

4,093

$

4,077

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

 

(4)

 

5

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

$

4,090

$

4,082

Earnings/(loss) per share of common stock:

 

  

 

  

Assuming dilution

 

  

 

  

Continuing operations

$

4.58

$

4.42

Discontinued operations

 

0.00

 

0.01

Total

$

4.58

$

4.43

Basic

 

  

 

  

Continuing operations

$

4.61

$

4.44

Discontinued operations

 

0.00

 

0.01

Total

$

4.61

$

4.45