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Earnings Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Share
 
Quarter Ended June 30,
 
Six Months Ended June 30,
(Dollars in millions, except per share amounts; shares in millions)
2016
 
2015
 
2016
 
2015
Net income attributable to common shareowners:
 
 
 
 
 
 
 
Net income from continuing operations
$
1,420

 
$
1,461

 
$
2,600

 
$
2,825

(Loss) income from discontinued operations
(47
)
 
81

 
(36
)
 
143

Net income attributable to common shareowners
$
1,373

 
$
1,542

 
$
2,564

 
$
2,968

Basic weighted average number of shares outstanding
825.3

 
877.3

 
825.1

 
884.8

Stock awards and equity units
7.4

 
12.1

 
6.8

 
13.0

Diluted weighted average number of shares outstanding
832.7

 
889.4

 
831.9

 
897.8

Earnings (Loss) Per Share of Common Stock - Basic:
 
 
 
 
 
 
 
Net income from continuing operations
$
1.72

 
$
1.67

 
$
3.15

 
$
3.19

(Loss) income from discontinued operations
(0.06
)
 
0.09

 
(0.04
)
 
0.16

Net income attributable to common shareowners
1.66

 
1.76

 
3.11

 
3.35

Earnings (Loss) Per Share of Common Stock - Diluted:
 
 
 
 
 
 
 
Net income from continuing operations
$
1.71

 
$
1.64

 
$
3.13

 
$
3.15

(Loss) income from discontinued operations
(0.06
)
 
0.09

 
(0.04
)
 
0.16

Net income attributable to common shareowners
1.65

 
1.73

 
3.08

 
3.31


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 because the effect would be anti-dilutive. For the quarter and six months ended June 30, 2016, the number of stock awards excluded from the computation was approximately 12.7 million and 14.9 million, respectively. For both the quarter and six months ended June 30, 2015, the number of stock awards excluded from the computation was approximately 0.4 million.