Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Note 3 — EarningsPer Share (“EPS”)

Basic and diluted earnings per share were computed as follows:

			Effect of
(Dollars in millions, except per share amounts)	Basic		Dilution		Diluted
Three Months Ended June 30,
2014
Shareholders' net income	$	573			$	573
Shares (in thousands):
Weighted average		265,377				265,377
Common stock equivalents				4,544		4,544
Total shares		265,377		4,544		269,921
EPS	$	2.16	$	(0.04)	$	2.12
2013
Shareholders' net income	$	505			$	505
Shares (in thousands):
Weighted average		282,043				282,043
Common stock equivalents				5,043		5,043
Total shares		282,043		5,043		287,086
EPS	$	1.79	$	(0.03)	$	1.76

			Effect of
(Dollars in millions, except per share amounts)	Basic		Dilution		Diluted
Six Months Ended June 30,
2014
Shareholders' net income	$	1,101			$	1,101
Shares (in thousands):
Weighted average		267,665				267,665
Common stock equivalents				4,516		4,516
Total shares		267,665		4,516		272,181
EPS	$	4.11	$	(0.06)	$	4.05
2013
Shareholders' net income	$	562			$	562
Shares (in thousands):
Weighted average		282,919				282,919
Common stock equivalents				5,248		5,248
Total shares		282,919		5,248		288,167
EPS	$	1.99	$	(0.04)	$	1.95

The followingoutstanding employee stock options were notincluded in the computation of diluted earnings per share for the three and six months ended June 30, 2014 and 2013 because their effect was anti-dilutive.

	Three Months Ended		Six Months Ended
	June 30,		June 30,
(In millions)	2014	2013	2014	2013
Antidilutive options	2.0	1.8	2.0	1.8

The Company held 101,424,330shares of common stock in Treasury as of June 30, 2014, and 82,496,367 shares as of June 30, 2013.