Note 2 - Net Income per Share

6 Months Ended

Jun. 30, 2012

Net Income Per Share Disclosure [Abstract]

Net Income Per Share

Net Income Per Share

Basic net income per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and restricted stock is reflected in diluted net income per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive shares. The following table sets forth the computation of basic and diluted net income per share for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
	(In millions, except per share amounts)
Numerator:
Net income	$	692	$	283	$	1,262	$	759
Denominator:
Weighted average common shares - basic	1,291		1,297		1,290		1,297
Dilutive effect of equity incentive plans	18		18		19		20
Weighted average common shares - diluted	1,309		1,315		1,309		1,317
Net income per share:
Basic	$	0.54	$	0.22	$	0.98	$	0.59
Diluted	$	0.53	$	0.22	$	0.96	$	0.58
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive	8		18		12		16