Schedule Of Earnings Per Share Computations |
EARNINGS PER SHARE COMPUTATIONS AND DIVIDENDS DECLARED | (Dollars in millions, except per share amounts; shares in thousands) | | | Years ended December 31, | | | 2015 | 2014 | 2013 | Numerator: | | | | | | | Earnings/Income attributable to common shares | $ | 1,349 | $ | 1,161 | $ | 1,001 | | | | | | | | | Denominator: | | | | | | | Weighted-average common shares outstanding for basic EPS(1) | | 248,249 | | 245,891 | | 243,863 | Dilutive effect of stock options, restricted stock awards and | | | | | | | restricted stock units | | 2,674 | | 4,764 | | 5,469 | Weighted-average common shares outstanding for diluted EPS | | 250,923 | | 250,655 | | 249,332 | | | | | | | | | Earnings per share: | | | | | | | Basic | $ | 5.43 | $ | 4.72 | $ | 4.10 | Diluted | $ | 5.37 | $ | 4.63 | $ | 4.01 | | | | | | | | | Dividends declared per share of common stock | $ | 2.80 | $ | 2.64 | $ | 2.52 | (1) | Includes fully vested restricted stock units held in our Deferred Compensation Plan of 491 in 2015, 212 in 2014 and none in 2013. These fully vested restricted stock units are included in weighted-average common shares outstanding for basic EPS because there are no conditions under which the corresponding shares will not be issued. |
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Schedule Of Common Stock Activity |
COMMON STOCK ACTIVITY | | | | | | Years ended December 31, | | | | 2015 | | 2014 | | 2013 | Common shares outstanding, January 1 | | 246,330,884 | | 244,461,327 | | 242,368,836 | Restricted stock units vesting(1) | | 1,499,062 | | 989,027 | | 1,491,170 | Stock options exercised | | 227,815 | | 699,783 | | 1,237,348 | Savings plan issuance | | 652,631 | | 398,042 | | ― | Common stock investment plan(2) | | 249,665 | | 205,203 | | ― | Restricted stock issuances | | ― | | ― | | 21,121 | Shares repurchased(3) | | (661,977) | | (422,498) | | (657,148) | Common shares outstanding, December 31 | | 248,298,080 | | 246,330,884 | | 244,461,327 | (1) | Includes dividend equivalents. | (2) | Participants in the Direct Stock Purchase Plan may reinvest dividends to purchase newly issued shares. | (3) | From time to time, we purchase shares of our common stock from long-term incentive plan participants who elect to sell to us a sufficient number of vested restricted shares or units to meet minimum statutory tax withholding requirements. |
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