Earnings Per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings Per Share

	Quarter Ended March 31,
(dollars in millions, except per share amounts; shares in millions)	2019		2018
Net income attributable to common shareowners	$	1,346	$	1,297
Basic weighted average number of shares outstanding	853.2		789.9
Stock awards and equity units (share equivalent)	7.5		10.5
Diluted weighted average number of shares outstanding	860.7		800.4
Earnings Per Share of Common Stock:
Basic	$	1.58	$	1.64
Diluted	$	1.56	$	1.62

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. In addition, the computation of diluted earnings per share excludes the effect of the potential exercise of stock awards when the awards’ assumed proceeds exceed the average market price of the common shares during the period. For the quarters ended March 31, 2019 and 2018, the number of stock awards excluded from the computation was approximately 12.2 million and 4.3 million, respectively.