Earnings Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share


	Quarter Ended March 31,
(dollars in millions, except per share amounts; shares in millions)	2021		2020
Net income (loss) attributable to common shareowners:
Income from continuing operations	$	772	$	438
Loss from discontinued operations	(19)		(521)
Net income (loss) attributable to common shareowners	$	753	$	(83)
Basic weighted average number of shares outstanding	1,511.1		858.4
Stock awards and equity units (share equivalent)	3.0		7.4
Diluted weighted average number of shares outstanding	1,514.1		865.8
Earnings (Loss) Per Share attributable to common shareowners - Basic:
Income from continuing operations	$	0.51	$	0.51
Loss from discontinued operations	(0.01)		(0.61)
Net income (loss) attributable to common shareowners	$	0.50	$	(0.10)
Earnings (Loss) Per Share attributable to common shareowners - Diluted:
Income from continuing operations	$	0.51	$	0.50
Loss from discontinued operations	(0.01)		(0.60)
Net income (loss) attributable to common shareowners	$	0.50	$	(0.10)

It may not be possible to recalculate earnings per share (EPS) attributable to common shareowners by adjusting EPS from continuing operations by EPS from discontinued operations as each amount is calculated independently.

The computation of diluted EPS 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 EPS 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, 2021 and 2020, the number of stock awards excluded from the computation was 26.7 million and 9.3 million, respectively.