Earnings Per Common Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (EPS) (in millions, except share and per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Basic EPS:
Net income	$	425	$	372	$	1,272	$	1,088
Weighted average common shares outstanding (in thousands)	441,915		460,526		446,291		465,452
Basic EPS	$	0.96	$	0.81	$	2.85	$	2.34
Diluted EPS:
Net income for purposes of computing diluted EPS	$	425	$	372	$	1,272	$	1,088
Share computation for diluted EPS (in thousands):
Basic weighted average common shares outstanding	441,915		460,526		446,291		465,452
Dilutive effect of stock awards	486		981		848		1,456
Diluted weighted average common shares outstanding	442,401		461,507		447,139		466,908
Diluted EPS	$	0.96	$	0.81	$	2.84	$	2.33
Restricted stock unit awards excluded from the calculation of       diluted EPS because inclusion would be antidilutive (in       thousands)	2,590		1,694		2,648		1,128