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Earnings Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
Basic earnings per share is computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share reflects the assumed conversion of all dilutive securities.
The following table presents the calculation of basic and diluted earnings per common share:
Three months ended September 30,Nine months ended September 30,
(in millions, except per share data)2022202120222021
Net earnings$703 $1,141 $2,439 $3,408 
Preferred stock dividends(11)(11)$(32)$(32)
Net earnings available to common stockholders$692 $1,130 $2,407 $3,376 
Weighted average common shares outstanding, basic468.5 560.6 492.1 $573.6 
Effect of dilutive securities2.2 5.0 2.9 $4.6 
Weighted average common shares outstanding, dilutive470.7 565.6 $495.0 $578.2 
Earnings per basic common share$1.48 $2.02 $4.89 $5.89 
Earnings per diluted common share$1.47 $2.00 $4.86 $5.84