Earnings Per Share

6 Months Ended

Jun. 30, 2022

Note 3: Earnings Per Share


	Quarter Ended June 30,				Six Months Ended June 30,
(dollars and shares in millions, except per share amounts)	2022		2021		2022		2021
Net income attributable to common shareowners:
Income from continuing operations	$	1,304	$	1,040	$	2,407	$	1,812
Loss from discontinued operations	—		(8)		(19)		(27)
Net income attributable to common shareowners	$	1,304	$	1,032	$	2,388	$	1,785
Basic weighted average number of shares outstanding	1,479.2		1,506.4		1,482.9		1,508.7
Stock awards and equity units (share equivalent)	10.4		7.1		10.8		5.0
Diluted weighted average number of shares outstanding	1,489.6		1,513.5		1,493.7		1,513.7
Earnings (Loss) Per Share attributable to common shareowners - Basic:
Income from continuing operations	$	0.88	$	0.69	$	1.62	$	1.20
Loss from discontinued operations	—		—		(0.01)		(0.02)
Net income attributable to common shareowners	$	0.88	$	0.69	$	1.61	$	1.18
Earnings (Loss) Per Share attributable to common shareowners - Diluted:
Income from continuing operations	$	0.88	$	0.69	$	1.61	$	1.20
Loss from discontinued operations	—		(0.01)		(0.01)		(0.02)
Net income attributable to common shareowners	$	0.88	$	0.68	$	1.60	$	1.18

The computation of diluted earnings per share (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 quarter and six months ended June 30, 2022, the number of stock awards excluded from the computation was 3.4 million and 5.4 million, respectively. For the quarter and six months ended June 30, 2021, the number of stock awards excluded from the computation was 11.2 million and 19.0 million, respectively.