Earnings Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share of Common Stock

Computation of basic and diluted earnings per share

	For the Three Months Ended
(Dollars in millions except per share amounts)	September 30, 2020		September 30, 2019
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period		891,381,032		886,018,372
Add — Incremental shares under stock-based compensation plans		4,595,327		5,368,268
Add — Incremental shares associated with contingently issuable shares		1,315,874		1,453,105
Number of shares on which diluted earnings per share is calculated		897,292,233		892,839,745
Income from continuing operations	$	1,698	$	1,673
Income/(loss) from discontinued operations, net of tax		(1)		(1)
Net income on which basic earnings per share is calculated	$	1,698	$	1,672
Income from continuing operations	$	1,698	$	1,673
Net income applicable to contingently issuable shares		—		—
Income from continuing operations on which diluted earnings per share is calculated	$	1,698	$	1,673
Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated		(1)		(1)
Net income on which diluted earnings per share is calculated	$	1,698	$	1,672
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	1.89	$	1.87
Discontinued operations		0.00		0.00
Total	$	1.89	$	1.87
Basic
Continuing operations	$	1.90	$	1.89
Discontinued operations		0.00		0.00
Total	$	1.90	$	1.89

	For the Nine Months Ended
(Dollars in millions except per share amounts)	September 30, 2020		September 30, 2019
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period		889,595,181		887,291,199
Add — Incremental shares under stock-based compensation plans		4,875,369		4,007,433
Add — Incremental shares associated with contingently issuable shares		1,286,300		1,228,726
Number of shares on which diluted earnings per share is calculated		895,756,850		892,527,357
Income from continuing operations	$	4,237	$	5,766
Income/(loss) from discontinued operations, net of tax		(2)		(5)
Net income on which basic earnings per share is calculated	$	4,234	$	5,761
Income from continuing operations	$	4,237	$	5,766
Net income applicable to contingently issuable shares		(2)		0
Income from continuing operations on which diluted earnings per share is calculated	$	4,234	$	5,766
Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated		(2)		(5)
Net income on which diluted earnings per share is calculated	$	4,232	$	5,762
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	4.72	$	6.46
Discontinued operations		0.00		(0.01)
Total	$	4.72	$	6.45
Basic
Continuing operations	$	4.76	$	6.50
Discontinued operations		0.00		(0.01)
Total	$	4.76	$	6.49