Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Basic and Diluted Earnings Per Common Share

Table 66: Basic and Diluted Earnings Per Common Share

	Three months ended March 31
In millions, except per share data	2025		2024
Basic
Net income	$	1,499	$	1,344
Less:
Net income attributable to noncontrolling interests	18		14
Preferred stock dividends	71		81
Preferred stock discount accretion and redemptions	2		2
Net income attributable to common shareholders	1,408		1,247
Less: Dividends and undistributed earnings allocated to nonvested restricted shares	9		7
Net income attributable to basic common shareholders	$	1,399	$	1,240
Basic weighted-average common shares outstanding	398		400
Basic earnings per common share (a)	$	3.52	$	3.10
Diluted
Net income attributable to diluted common shareholders	$	1,399	$	1,240
Basic weighted-average common shares outstanding	398		400
Diluted weighted-average common shares outstanding	398		400
Diluted earnings per common share (a)	$	3.51	$	3.10

(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).