Income per Common Share

9 Months Ended

Sep. 30, 2011

Income Per Common Share Disclosure [Abstract]

Income Per Common Share

5.       Income per Common Share

       Basic income per share is based on the weighted average number of common shares outstanding. Diluted income per share includes exercise of stock options and stock appreciation rights, provided the effect is not antidilutive.

	Three Months Ended September 30,
	2011					2010
(In millions, except per share data)	Basic		Diluted			Basic	Diluted
Income from continuing operations	$	405	$	405	$	467	$	467
Discontinued operations		0		0		229		229
Net income	$	405	$	405	$	696	$	696
Weighted average common shares outstanding		711		711		710		710
Effect of dilutive securities		-		3		-		2
Weighted average common shares, including
dilutive effect		711		714		710		712
Per share:
Income from continuing operations	$	0.57	$	0.57	$	0.66	$	0.66
Discontinued operations	$	0.00	$	0.00	$	0.32	$	0.32
Net income	$	0.57	$	0.57	$	0.98	$	0.98

	Nine Months Ended September 30,
	2011					2010
(In millions, except per share data)	Basic		Diluted			Basic	Diluted
Income from continuing operations	$	1,158	$	1,158	$	1,458	$	1,458
Discontinued operations		1,239		1,239		404		404
Net income	$	2,397	$	2,397	$	1,862	$	1,862
Weighted average common shares outstanding		712		712		709		709
Effect of dilutive securities		-		4		-		2
Weighted average common shares, including
dilutive effect		712		716		709		711
Per share:
Income from continuing operations	$	1.63	$	1.62	$	2.06	$	2.05
Discontinued operations	$	1.74	$	1.73	$	0.57	$	0.57
Net income	$	3.37	$	3.35	$	2.63	$	2.62

The per share calculations above exclude 9 million and 7 million stock options and stock appreciation rights for the third quarter and the first nine months of 2011,as they were antidilutive. Excluded in the third quarter andthe first nine months of 2010were 12 millionstock options and stock appreciation rights.