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Earnings Per Share
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
The components of basic and diluted earnings per share (“EPS”) for common shares were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(in millions, except per share data)
Numerator
 
 
 
 
 
 
 
Net income
$
2,108

 
$
1,899

 
$
6,018

 
$
4,960

Denominator
 
 
 
 
 
 
 
Basic weighted-average shares outstanding
1,013

 
1,037

 
1,020

 
1,044

Dilutive stock options and stock units
6

 
6

 
5

 
6

Diluted weighted-average shares outstanding 1
1,019

 
1,043

 
1,025

 
1,050

Earnings per Share
 
 
 
 
 
 
 
Basic
$
2.08

 
$
1.83

 
$
5.90

 
$
4.75

Diluted
$
2.07

 
$
1.82

 
$
5.87

 
$
4.73



1 For the periods presented, the calculation of diluted EPS excluded a minimal amount of anti-dilutive share-based payment awards.