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Weighted Average Shares Outstanding
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE M – WEIGHTED AVERAGE SHARES OUTSTANDING

 
Year Ended December 31,
(in millions)
2019
 
2018
 
2017
Weighted average shares outstanding - basic
1,391.5

 
1,381.0

 
1,370.1

Net effect of common stock equivalents
19.0

 
20.4

 
22.6

Weighted average shares outstanding - assuming dilution
1,410.6

 
1,401.4

 
1,392.7



The impact of stock options outstanding with exercise prices greater than the average fair market value of our common stock was immaterial for all periods presented.