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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share  
Calculation of basic and diluted EPS

 

 

Periods ended June 30

 

 

 

Three months

 

Six months

 

(in millions, except per-share amounts)

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Basic EPS

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

1,327

 

$

1,332

 

$

2,686

 

$

2,892

 

Discontinued operations, net

 

(5

)

(4

)

(9

)

(5

)

Net income

 

1,322

 

1,328

 

2,677

 

2,887

 

Less: Net income allocated to participating securities

 

(3

)

(2

)

(5

)

(4

)

Net income, net of participating securities

 

$

1,319

 

$

1,326

 

$

2,672

 

$

2,883

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of basic shares

 

804.9

 

810.3

 

804.8

 

810.4

 

Basic EPS

 

$

1.64

 

$

1.64

 

$

3.32

 

$

3.55

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

Net income, net of participating securities

 

$

1,319

 

$

1,326

 

$

2,672

 

$

2,883

 

Weighted average number of basic shares

 

804.9

 

810.3

 

804.8

 

810.4

 

Dilutive effect of potentially dilutive securities

 

0.5

 

0.7

 

0.5

 

0.8

 

Total diluted weighted average common shares

 

805.4

 

811.0

 

805.3

 

811.2

 

Diluted EPS

 

$

1.64

 

$

1.64

 

$

3.32

 

$

3.55