Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings per Share

Basic and Diluted Earnings per Common Share

Note 13 Earnings Per Share
Basic and Diluted Earnings per Common Share
				Three months ended						Six months ended
				June 30						June 30
In millions, except per share data				2011			2010			2011			2010
Basic
	Net income from continuing operations		$	912		$	781		$	1,744		$	1,429
	Less:
		Net income (loss) attributable to noncontrolling interests		(1)			(9)			(6)			(14)
		Dividends distributed to common shareholders		183			53			236			98
		Dividends distributed to preferred shareholders		24			25			28			118
		Dividends distributed to nonvested restricted shares		1						1
		Preferred stock discount accretion		1			1			1			251
	Undistributed net income from continuing operations		$	704		$	711		$	1,484		$	976
	Undistributed net income from discontinued operations						22						45
	Undistributed net income		$	704		$	733		$	1,484		$	1,021
	Percentage of undistributed income allocated to common shares			99.57	%		99.61	%		99.62	%		99.65	%
Undistributed income from continuing operations allocated to common shares			$	701		$	708		$	1,479		$	972
		Plus: common dividends		183			53			236			98
Net income from continuing operations attributable to basic common shares			$	884		$	761		$	1,715		$	1,070
Net income from discontinued operations attributable to common shares							22						45
	Net income attributable to basic common shares		$	884		$	783		$	1,715		$	1,115
	Basic weighted-average common shares outstanding			524			524			524			511
	Basic earnings per common share from continuing operations		$	1.69		$	1.45		$	3.27		$	2.09
	Basic earnings per common share from discontinued operations						.04						.09
	Basic earnings per common share		$	1.69		$	1.49		$	3.27		$	2.18
Diluted
	Net income from continuing operations attributable to basic common shares		$	884		$	761		$	1,715		$	1,070
		Less: BlackRock common stock equivalents		4			6			10			8
	Net income from continuing operations attributable to diluted common shares		$	880		$	755		$	1,705		$	1,062
	Net income from discontinued operations attributable to common shares						22						45
	Net income attributable to diluted common shares		$	880		$	777		$	1,705		$	1,107
	Basic weighted-average common shares outstanding			524			524			524			511
	Dilutive potential common shares (a) (b)			3			3			3			3
	Diluted weighted-average common shares outstanding			527			527			527			514
	Diluted earnings per common share from continuing operations		$	1.67		$	1.43		$	3.24		$	2.06
	Diluted earnings per common share from discontinued operations						.04						.09
	Diluted earnings per common share		$	1.67		$	1.47		$	3.24		$	2.15
(a)		Excludes stock options considered to be anti-dilutive		5			11			5			12
(b)		Excludes warrants considered to be anti-dilutive		22			22			22			22