EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Reconciliation of the Earnings (Losses) and Number of Shares Used in Calculations of Basic and Diluted Earnings Per Share

The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share, the latter of which uses the treasury stock method in order to calculate the dilutive effect of the Company’s potential common stock:

(in millions, except per share amounts)	2019		2018		2017
Computation of Basic Earnings Per Share
Net income	$	1,273	$	1,907	$	1,459
Shares for basic earnings per share	332.7		350.1		375.2
Basic earnings per share	$	3.83	$	5.45	$	3.89
Computation of Diluted Earnings Per Share
Net income	$	1,273	$	1,907	$	1,459
Shares for basic earnings per share	332.7		350.1		375.2
Effect of dilutive securities
Share-based compensation	2.8		4.1		4.7
Shares for diluted earnings per share	335.5		354.2		379.9
Diluted earnings per share	$	3.80	$	5.38	$	3.84