Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Common Share

Table 65: Basic and Diluted Earnings Per Common Share

	Three months ended June 30				Six months ended June 30
In millions, except per share data	2024		2023		2024		2023
Basic
Net income	$	1,477	$	1,500	$	2,821	$	3,194
Less:
Net income attributable to noncontrolling interests	18		17		32		34
Preferred stock dividends	95		127		176		195
Preferred stock discount accretion and redemptions	2		2		4		4
Net income attributable to common shareholders	1,362		1,354		2,609		2,961
Less: Dividends and undistributed earnings allocated to nonvested restricted shares	7		7		14		15
Net income attributable to basic common shareholders	$	1,355	$	1,347	$	2,595	$	2,946
Basic weighted-average common shares outstanding	400		401		400		401
Basic earnings per common share (a)	$	3.39	$	3.36	$	6.49	$	7.35
Diluted
Net income attributable to diluted common shareholders	$	1,355	$	1,347	$	2,595	$	2,946
Basic weighted-average common shares outstanding	400		401		400		401
Dilutive potential common shares
Diluted weighted-average common shares outstanding	400		401		400		401
Diluted earnings per common share (a)	$	3.39	$	3.36	$	6.48	$	7.34

(a)Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).