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Earnings Per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share of Common Stock  
Computation of basic and diluted earnings per share

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(Dollars in millions except per share amounts)

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For the three months ended March 31:

    

2022

    

2021

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

 

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Weighted-average shares outstanding during period

 

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899,316,026

 

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893,630,916

Add — Incremental shares under stock-based compensation plans

 

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8,375,246

 

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6,622,441

Add — Incremental shares associated with contingently issuable shares

 

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1,534,864

 

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1,492,709

Number of shares on which diluted earnings per share is calculated

 

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909,226,136

 

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901,746,065

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Income from continuing operations

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$

662

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$

403

Income from discontinued operations, net of tax

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71

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552

Net income on which basic earnings per share is calculated

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$

733

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$

955

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Income from continuing operations

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$

662

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$

403

Net income applicable to contingently issuable shares

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—

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—

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

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$

662

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$

403

Income from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated

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71

​

 

552

Net income on which diluted earnings per share is calculated

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$

733

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$

955

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Earnings/(loss) per share of common stock:

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Assuming dilution

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Continuing operations

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$

0.73

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$

0.45

Discontinued operations

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0.08

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0.61

Total

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$

0.81

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$

1.06

Basic

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Continuing operations

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$

0.74

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$

0.45

Discontinued operations

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0.08

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0.62

Total

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$

0.82

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$

1.07