Earnings Per Share

9 Months Ended

Mar. 31, 2012

Earnings Per Share

Earnings Per Share

Note 10. Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

	Three months ended				Nine months ended
	March 31,				March 31,
	2012		2011		2012		2011
	(In millions, except per share amounts)
Net earnings attributable to controlling interests	$	399	$	578	$	939	$	1,655
Average shares outstanding		662		638		667		639
Basic earnings per share	$	0.60	$	0.91	$	1.41	$	2.59
Net earnings attributable to controlling interests	$	399	$	578	$	939	$	1,655
Plus:  After-tax interest on 4.7% debentures              related to $1.75 billion equity units		–		13		–		13
Adjusted net earnings attributable to    controlling interests	$	399	$	591	$	939	$	1,668
Average shares outstanding		662		638		667		639
Plus:  Incremental shares
Share-based compensation awards		1		2		1		2
Shares assumed issued related to $1.75       billion equity units		–		44		–		14
Adjusted average shares outstanding		663		684		668		655
Diluted earnings per share	$	0.60	$	0.86	$	1.41	$	2.55