Earnings Per Share

12 Months Ended

Dec. 31, 2015



	2015		2014		2013
Net income	$	1,602.0	$	1,999.9	$	1,449.9
Weighted-average shares:
Basic	792.2		802.7		827.7
Effect of dilutive securities:
Options, RSUs, PSUs, warrants and other	32.7		33.3		32.9
Diluted	824.9		836.0		860.6
Net income per share:
Basic	$	2.02	$	2.49	$	1.75
Diluted	$	1.94	$	2.39	$	1.68

The total number of potential shares of common stock excluded from the diluted earnings per share computation because their inclusion would have been anti-dilutive was 14.1 million in 2015, 18.7 million in 2014 and 14.3 million in 2013.

During the period of April 2009 through December 2015, our Board of Directors approved repurchases of up to an aggregate of $17.500 billion of our common stock, including the authorization in June 2015 to repurchase an additional $4.000 billion of our common stock.

As part of the management of our share repurchase program, we may, from time to time, sell put options on our common stock with strike prices that we believe represent an attractive price to purchase our shares. If the trading price of our shares exceeds the strike price of the put option at the time the option expires, we will have economically reduced the cost of our share repurchase program by the amount of the premium we received from the sale of the put option. If the trading price of our stock is below the strike price of the put option at the time the option expires, we would purchase the shares covered by the option at the strike price of the put option. During 2015 and 2014, we recorded net losses of $9.9 million and net gains of $11.6 million, respectively, from selling put options on our common stock. At December 31, 2015, we had no outstanding put options.

We repurchased 28.1 million shares of common stock under the program from all sources during 2015 at a total cost of $3.257 billion. As of December 31, 2015, we had a remaining open-ended repurchase authorization of $3.890 billion.