Earnings Per Share

12 Months Ended

Dec. 31, 2022

NOTE 4: EARNINGS PER SHARE


(dollars in millions, except per share amounts; shares in millions)	2022		2021		2020
Net income (loss) attributable to common shareowners:
Income (loss) from continuing operations	$	5,216	$	3,897	$	(3,109)
Loss from discontinued operations	(19)		(33)		(410)
Net income (loss) attributable to common shareowners	$	5,197	$	3,864	$	(3,519)
Basic weighted average number of shares outstanding	1,475.5		1,501.6		1,357.8
Stock awards and equity units (share equivalent)	10.4		6.9		—
Diluted weighted average number of shares outstanding	1,485.9		1,508.5		1,357.8
Earnings (Loss) per share attributable to common shareowners - basic
Income (loss) from continuing operations	$	3.54	$	2.60	$	(2.29)
Loss from discontinued operations	(0.02)		(0.03)		(0.30)
Net income (loss) attributable to common shareowners	$	3.52	$	2.57	$	(2.59)
Earnings (Loss) per share attributable to common shareowners - diluted
Income (loss) from continuing operations	$	3.51	$	2.58	$	(2.29)
Loss from discontinued operations	(0.01)		(0.02)		(0.30)
Net income (loss) attributable to common shareowners	$	3.50	$	2.56	$	(2.59)

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 2022 and 2021, there were 6.2 million and 13.4 million stock awards excluded from the computation, respectively. For 2020, all stock awards were excluded from the computation of diluted EPS because their effect was antidilutive due to the loss from continuing operations, and amounted to 32.5 million stock awards.