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Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share.
Table 10.1: Computation of Basic and Diluted Earnings per Common Share
Three Months Ended June 30,Six Months Ended June 30,
(Dollars and shares in millions, except per share data)2022202120222021
Income from continuing operations, net of tax$2,031 $3,537 $4,434 $6,864 
Income (loss) from discontinued operations, net of tax0 (1)0 (3)
Net income2,031 3,536 4,434 6,861 
Dividends and undistributed earnings allocated to participating securities(25)(30)(53)(58)
Preferred stock dividends(57)(60)(114)(121)
Net income available to common stockholders$1,949 $3,446 $4,267 $6,682 
Total weighted-average basic common shares outstanding391.2 450.6 400.8 454.6 
Effect of dilutive securities:(1)
Stock options0.4 0.8 0.4 0.8 
Other contingently issuable shares1.0 0.9 1.1 0.8 
Total effect of dilutive securities1.4 1.7 1.5 1.6 
Total weighted-average diluted common shares outstanding392.6 452.3 402.3 456.2 
Basic earnings per common share:
Net income from continuing operations$4.98 $7.65 $10.65 $14.70 
Net income per basic common share$4.98 $7.65 $10.65 $14.70 
Diluted earnings per common share:(1)
Net income from continuing operations$4.96 $7.62 $10.61 $14.65 
Net income per diluted common share$4.96 $7.62 $10.61 $14.65 
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(1)Excluded from the computation of diluted earnings per share were awards of 37 thousand shares and awards of 19 thousand for the three and six months ended June 30, 2022, respectively, because their inclusion would be anti-dilutive. There were no shares excluded from the computation of dilutive earnings per share for the three months ended June 30, 2021. For the six months ended June 30, 2021, awards of 51 thousand shares were excluded from the computation of diluted earnings per share.