Earnings Per Share of Common Stock (Tables)

9 Months Ended

Sep. 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 September 30:	2021		2020
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period		897,097,073		891,381,032
Add — Incremental shares under stock-based compensation plans		6,946,467		4,595,327
Add — Incremental shares associated with contingently issuable shares		1,909,573		1,315,874
Number of shares on which diluted earnings per share is calculated		905,953,114		897,292,233
Income from continuing operations	$	1,130	$	1,698
Income/(loss) from discontinued operations, net of tax		—		(1)
Net income on which basic earnings per share is calculated	$	1,130	$	1,698
Income from continuing operations	$	1,130	$	1,698
Net income applicable to contingently issuable shares		—		—
Income from continuing operations on which diluted earnings per share is calculated	$	1,130	$	1,698
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	$	1,130	$	1,698
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	1.25	$	1.89
Discontinued operations		—		0.00
Total	$	1.25	$	1.89
Basic
Continuing operations	$	1.26	$	1.90
Discontinued operations		—		0.00
Total	$	1.26	$	1.90

(Dollars in millions except per share amounts)
For the nine months ended September 30:	2021		2020
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period		895,257,004		889,595,181
Add — Incremental shares under stock-based compensation plans		7,000,190		4,875,369
Add — Incremental shares associated with contingently issuable shares		1,720,345		1,286,300
Number of shares on which diluted earnings per share is calculated		903,977,539		895,756,850
Income from continuing operations	$	3,411	$	4,237
Income/(loss) from discontinued operations, net of tax		(1)		(2)
Net income on which basic earnings per share is calculated	$	3,410	$	4,234
Income from continuing operations	$	3,411	$	4,237
Net income applicable to contingently issuable shares		—		(2)
Income from continuing operations on which diluted earnings per share is calculated	$	3,411	$	4,234
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	$	3,410	$	4,232
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	3.77	$	4.72
Discontinued operations		0.00		0.00
Total	$	3.77	$	4.72
Basic
Continuing operations	$	3.81	$	4.76
Discontinued operations		0.00		0.00
Total	$	3.81	$	4.76