Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Note 3–Earnings Per Share (“EPS”)

Basic and diluted earnings per share were computed as follows:

			Effect of
(Shares in thousands, dollars in millions, except per share amounts)	Basic		Dilution		Diluted
Three Months Ended March 31,
2015
Shareholders' net income	$	533			$	533
Shares:
Weighted average		256,707				256,707
Common stock equivalents				4,539		4,539
Total shares		256,707		4,539		261,246
EPS	$	2.08	$	(0.04)	$	2.04
2014
Shareholders' net income	$	528			$	528
Shares:
Weighted average		269,979				269,979
Common stock equivalents				4,488		4,488
Total shares		269,979		4,488		274,467
EPS	$	1.96	$	(0.04)	$	1.92

The followingoutstanding employee stock options were notincluded in the computation of diluted earnings per share for the three months ended March 31, 2015 and 2014 because their effect was anti-dilutive.

	Three Months Ended
	March 31,
(In millions)	2015	2014
Anti-dilutive options	1.4	-

The Company held 38,421,636shares of common stock in Treasury as of March 31, 2015, and 97,428,469 shares as of March 31, 2014.In the fourth quarter of 2014, the Company retired 70 million shares of treasury stock.