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Earnings Per Share of Common Stock (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share of Common Stock  
Computation of basic and diluted earnings per share

For the Three Months Ended

    

June 30, 2020

    

June 30, 2019

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

 

  

 

  

Weighted-average shares outstanding during period

 

889,435,166

 

886,273,682

Add — Incremental shares under stock-based compensation plans

 

4,290,365

 

3,281,570

Add — Incremental shares associated with contingently issuable shares

 

1,213,549

 

1,276,549

Number of shares on which diluted earnings per share is calculated

 

894,939,080

 

890,831,801

Income from continuing operations (millions)

$

1,362

$

2,499

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

 

(1)

 

(1)

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

$

1,361

$

2,498

Income from continuing operations (millions)

$

1,362

$

2,499

Net income applicable to contingently issuable shares (millions)

 

 

0

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

$

1,362

$

2,500

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)

$

1,361

$

2,499

Earnings/(loss) per share of common stock:

 

  

 

  

Assuming dilution

 

  

 

  

Continuing operations

$

1.52

$

2.81

Discontinued operations

 

0.00

 

0.00

Total

$

1.52

$

2.81

Basic

 

  

 

  

Continuing operations

$

1.53

$

2.82

Discontinued operations

 

0.00

 

0.00

Total

$

1.53

$

2.82

For the Six Months Ended

    

June 30, 2020

    

June 30, 2019

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

 

  

 

  

Weighted-average shares outstanding during period

 

888,702,256

 

887,927,612

Add — Incremental shares under stock-based compensation plans

 

5,015,390

 

3,327,015

Add — Incremental shares associated with contingently issuable shares

 

1,271,513

 

1,116,537

Number of shares on which diluted earnings per share is calculated

 

894,989,159

 

892,371,164

Income from continuing operations (millions)

$

2,538

$

4,093

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

 

(2)

 

(4)

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

$

2,536

$

4,089

Income from continuing operations (millions)

$

2,538

$

4,093

Net income applicable to contingently issuable shares (millions)

 

(2)

 

0

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

$

2,536

$

4,093

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

 

(2)

 

(4)

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

$

2,534

$

4,090

Earnings/(loss) per share of common stock:

 

  

 

  

Assuming dilution

 

  

 

  

Continuing operations

$

2.83

$

4.58

Discontinued operations

 

0.00

 

0.00

Total

$

2.83

$

4.58

Basic

 

  

 

  

Continuing operations

$

2.85

$

4.61

Discontinued operations

 

0.00

 

0.00

Total

$

2.85

$

4.61