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Earnings Per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share of Common Stock  
Computation of basic and diluted earnings per share

(Dollars in millions except per share amounts)

For the three months ended March 31:

    

2021

    

2020

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

 

  

 

  

Weighted-average shares outstanding during period

 

893,630,916

 

887,969,345

Add — Incremental shares under stock-based compensation plans

 

6,622,441

 

5,740,415

Add — Incremental shares associated with contingently issuable shares

 

1,492,709

 

1,329,477

Number of shares on which diluted earnings per share is calculated

 

901,746,065

 

895,039,238

Income from continuing operations

$

956

$

1,176

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

 

(1)

 

(1)

Net income on which basic earnings per share is calculated

$

955

$

1,175

Income from continuing operations

$

956

$

1,176

Net income applicable to contingently issuable shares

 

 

(2)

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

$

956

$

1,174

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

$

955

$

1,173

Earnings/(loss) per share of common stock:

 

  

 

  

Assuming dilution

 

  

 

  

Continuing operations

$

1.06

$

1.31

Discontinued operations

 

0.00

 

0.00

Total

$

1.06

$

1.31

Basic

 

  

 

  

Continuing operations

$

1.07

$

1.32

Discontinued operations

 

0.00

 

0.00

Total

$

1.07

$

1.32