Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share



	Quarter Ended March 31,
(Dollars in millions, except per share amounts; shares in millions)	2016		2015
Net income attributable to common shareowners:
Net income from continuing operations	$	1,180	$	1,364
Net income from discontinued operations	11		62
Net income attributable to common shareowners	$	1,191	$	1,426
Basic weighted average number of shares outstanding	825.0		890.3
Stock awards and equity units	6.2		13.9
Diluted weighted average number of shares outstanding	831.2		904.2
Earnings Per Share of Common Stock - Basic:
Net income from continuing operations	$	1.43	$	1.53
Net income from discontinued operations	0.01		0.07
Net income attributable to common shareowners	1.44		1.60
Earnings Per Share of Common Stock - Diluted:
Net income from continuing operations	$	1.42	$	1.51
Net income from discontinued operations	0.01		0.07
Net income attributable to common shareowners	1.43		1.58

The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock appreciation rights and stock options, when the average market price of the common stock is lower than the exercise price of the related stock awards during the period. These outstanding stock awards are not included in the computation of diluted earnings per share because the effect would be anti-dilutive. For the quarters ended March 31, 2016 and 2015, the number of stock awards excluded from the computation was approximately 16.4 million and 0.4 million, respectively.