Earnings Per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share



	Quarter Ended March 31,
(Dollars in millions, except per share amounts; shares in millions)	2017		2016
Net income attributable to common shareowners:
Net income from continuing operations	$	1,386	$	1,172
Income from discontinued operations	—		11
Net income attributable to common shareowners	$	1,386	$	1,183
Basic weighted average number of shares outstanding	793.5		825.0
Stock awards and equity units	8.8		6.3
Diluted weighted average number of shares outstanding	802.3		831.3
Earnings Per Share of Common Stock - Basic:
Net income from continuing operations	$	1.75	$	1.42
Income from discontinued operations	—		0.01
Net income attributable to common shareowners	1.75		1.43
Earnings Per Share of Common Stock - Diluted:
Net income from continuing operations	$	1.73	$	1.41
Income from discontinued operations	—		0.01
Net income attributable to common shareowners	1.73		1.42

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 quarters ended March 31, 2017 and 2016, the number of stock awards excluded from the computation was approximately 12.2 million and 16.4 million, respectively.