Earnings/(Loss) Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2022

Earnings/(Loss) Per Share of Common Stock

Computation of basic and diluted earnings/(loss) per share

(Dollars in millions except per share amounts)
For the three months ended September 30:	2022		2021
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period		904,076,831		897,097,073
Add — Incremental shares under stock-based compensation plans		—		6,946,467
Add — Incremental shares associated with contingently issuable shares		—		1,909,573
Number of shares on which diluted earnings per share is calculated		904,076,831		905,953,114
Income/(loss) from continuing operations	$	(3,214)	$	1,037
Income/(loss) from discontinued operations, net of tax		18		93
Net income/(loss) on which basic earnings per share is calculated	$	(3,196)	$	1,130
Income/(loss) from continuing operations	$	(3,214)	$	1,037
Net income applicable to contingently issuable shares		—		—
Income/(loss) from continuing operations on which diluted earnings per share is calculated	$	(3,214)	$	1,037
Income/(loss) from discontinued operations, net of tax, on which diluted earnings per share is calculated		18		93
Net income/(loss) on which diluted earnings per share is calculated	$	(3,196)	$	1,130
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	(3.55)	$	1.14
Discontinued operations		0.02		0.10
Total	$	(3.54)	$	1.25
Basic
Continuing operations	$	(3.55)	$	1.16
Discontinued operations		0.02		0.10
Total	$	(3.54)	$	1.26

(Dollars in millions except per share amounts)
For the nine months ended September 30:	2022		2021
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period		901,621,217		895,257,004
Add — Incremental shares under stock-based compensation plans		—		7,000,190
Add — Incremental shares associated with contingently issuable shares		—		1,720,345
Number of shares on which diluted earnings per share is calculated		901,621,217		903,977,539
Income/(loss) from continuing operations	$	(1,087)	$	2,250
Income/(loss) from discontinued operations, net of tax		16		1,160
Net income/(loss) on which basic earnings per share is calculated	$	(1,071)	$	3,410
Income/(loss) from continuing operations	$	(1,087)	$	2,250
Net income applicable to contingently issuable shares		—		—
Income/(loss) from continuing operations on which diluted earnings per share is calculated	$	(1,087)	$	2,250
Income/(loss) from discontinued operations, net of tax, on which diluted earnings per share is calculated		16		1,160
Net income/(loss) on which diluted earnings per share is calculated	$	(1,071)	$	3,410
Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	(1.21)	$	2.49
Discontinued operations		0.02		1.28
Total	$	(1.19)	$	3.77
Basic
Continuing operations	$	(1.21)	$	2.51
Discontinued operations		0.02		1.30
Total	$	(1.19)	$	3.81