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Weighted Average Shares Outstanding
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Weighted Average Number Of Shares Outstanding [Text Block]
NOTE J – WEIGHTED AVERAGE SHARES OUTSTANDING
 
Three Months Ended March 31,
(in millions)
2019

2018
Weighted average shares outstanding - basic
1,387.7

 
1,376.5

Net effect of common stock equivalents
20.7

 
20.2

Weighted average shares outstanding - assuming dilution
1,408.4

 
1,396.8


In the first quarter of 2019 and the first quarter of 2018, the impact of stock options outstanding with exercise prices greater than the average fair market value of our common stock was immaterial.

We issued approximately six million shares of our common stock in the first quarter of 2019 and in the first quarter of 2018, following the exercise of stock options, vesting of deferred stock units or purchases under our employee stock purchase plan. We did not repurchase any shares of our common stock in the first three months of 2019 or 2018.