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Earnings Per Share
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The weighted-average number of shares outstanding used to compute earnings per share were as follows:
(Shares in millions)
Six months ended
June 30
 
Three months ended
June 30
  
2012

 
2011

 
2012

 
2011

Weighted average shares outstanding
751.8

 
741.7

 
753.5

 
743.0

Participating securities
2.4

 
2.5

 
2.4

 
2.5

Basic weighted average shares outstanding
754.2

 
744.2

 
755.9

 
745.5

Dilutive potential common shares
6.5

 
6.6

 
6.1

 
7.1

Diluted weighted average shares outstanding
760.7

 
750.8

 
762.0

 
752.6


Basic earnings per share is calculated by the sum of (1) net earnings less declared dividends and dividend equivalents related to share-based compensation divided by the basic weighted average shares outstanding and (2) declared dividends and dividend equivalents related to share-based compensation divided by the weighted average shares outstanding.
The weighted average number of shares outstanding, included in the table below, were excluded from the computation of diluted earnings per share because the average market price did not exceed the exercise/threshold price. However, these shares may be dilutive potential common shares in the future.
(Shares in millions)
Six months ended
June 30
 
Three months ended
June 30
 
2012

 
2011

 
2012

 
2011

Stock options
22.1

 
19.4

 
25.6

 
15.7

Performance Awards
4.5

 
4.1

 
4.5

 
4.1