Earnings Per Common Share

12 Months Ended

Dec. 31, 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):

	Year Ended December 31,
	2019		2018		2017
Basic EPS:
Net income	$	1,686	$	1,412	$	1,282
Weighted average common shares outstanding (in thousands)	443,363		464,236		489,164
Basic EPS	$	3.80	$	3.04	$	2.62
Diluted EPS:
Net income for purposes of computing diluted EPS	$	1,686	$	1,412	$	1,282
Share computation for diluted EPS (in thousands):
Basic weighted average common shares outstanding	443,363		464,236		489,164
Dilutive effect of stock awards	906		1,424		2,528
Diluted weighted average common shares outstanding	444,269		465,660		491,692
Diluted EPS	$	3.79	$	3.03	$	2.61
Restricted stock unit awards excluded from the calculation of diluted EPS because inclusion would be antidilutive (in thousands)	2,520		1,266		328