Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2024

Basic and Diluted Earnings per Common Share

Table 85: Basic and Diluted Earnings Per Common Share


In millions, except per share data	2024		2023		2022
Basic
Net income	$	5,953	$	5,647	$	6,113
Less:
Net income attributable to noncontrolling interests	64		69		72
Preferred stock dividends	352		417		301
Preferred stock discount accretion and redemptions	8		8		5
Net income attributable to common shareholders	5,529		5,153		5,735
Less: Dividends and undistributed earnings allocated to nonvested restricted shares	33		27		27
Net income attributable to basic common shareholders	$	5,496	$	5,126	$	5,708



Basic weighted-average common shares outstanding	399		401		412
Basic earnings per common share (a)	$	13.76	$	12.80	$	13.86

Diluted
Net income attributable to diluted common shareholders	$	5,496	$	5,126	$	5,708



Basic weighted-average common shares outstanding	399		401		412

Diluted potential common shares	1
Diluted weighted-average common shares outstanding	400		401		412
Diluted earnings per common share (a)	$	13.74	$	12.79	$	13.85

(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).