Earnings Per Share of Common Stock (Tables)

6 Months Ended

Jun. 30, 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 June 30:	2021		2020
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period		895,043,024		889,435,166
Add — Incremental shares under stock-based compensation plans		7,431,661		4,290,365
Add — Incremental shares associated with contingently issuable shares		1,758,754		1,213,549
Number of shares on which diluted earnings per share is calculated		904,233,439		894,939,080
Income from continuing operations	$	1,325	$	1,362
Income/(loss) from discontinued operations, net of tax		—		(1)
Net income on which basic earnings per share is calculated	$	1,325	$	1,361
Income from continuing operations	$	1,325	$	1,362
Net income applicable to contingently issuable shares		—		—
Income from continuing operations on which diluted earnings per share is calculated	$	1,325	$	1,362
Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated		—		(1)
Net income on which diluted earnings per share is calculated	$	1,325	$	1,361
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	1.47	$	1.52
Discontinued operations		—		0.00
Total	$	1.47	$	1.52
Basic
Continuing operations	$	1.48	$	1.53
Discontinued operations		—		0.00
Total	$	1.48	$	1.53

(Dollars in millions except per share amounts)
For the six months ended June 30:	2021		2020
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period		894,336,970		888,702,256
Add — Incremental shares under stock-based compensation plans		7,027,051		5,015,390
Add — Incremental shares associated with contingently issuable shares		1,625,732		1,271,513
Number of shares on which diluted earnings per share is calculated		902,989,752		894,989,159
Income from continuing operations	$	2,281	$	2,538
Income/(loss) from discontinued operations, net of tax		(1)		(2)
Net income on which basic earnings per share is calculated	$	2,280	$	2,536
Income from continuing operations	$	2,281	$	2,538
Net income applicable to contingently issuable shares		—		(2)
Income from continuing operations on which diluted earnings per share is calculated	$	2,281	$	2,536
Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated		(1)		(2)
Net income on which diluted earnings per share is calculated	$	2,280	$	2,534
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	2.52	$	2.83
Discontinued operations		0.00		0.00
Total	$	2.52	$	2.83
Basic
Continuing operations	$	2.55	$	2.85
Discontinued operations		0.00		0.00
Total	$	2.55	$	2.85