Computations of Profit Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Computations of Profit Per Share

Computations of Profit Per Share

(Dollars in millions except per share data)		Three Months Ended June 30,				Six Months Ended June 30,
		2012		2011		2012		2011
I.	Profit for the period (A)1:	$	1,699	$	1,015	$	3,285	$	2,240
II.	Determination of shares (in millions):	—
	Weighted-average number of common shares outstanding (B)	652.9		645.5		651.3		643.3
	Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price	16.7		21.7		18.6		22.7
	Average common shares outstanding for fully diluted computation (C) 2	669.6		667.2		669.9		666.0
III.	Profit per share of common stock:
	Assuming no dilution (A/B)	$	2.60	$	1.57	$	5.04	$	3.48
	Assuming full dilution (A/C) 2	$	2.54	$	1.52	$	4.90	$	3.36
1 Profit attributable to common stockholders. 2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.

SARs and stock options to purchase 6,091,056 common shares were outstanding for both the three and six months ended June 30, 2012, respectively, but were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive. For both the three and six months ended June 30, 2011,  there were outstanding SARs and stock options to purchase 2,940,143 common shares, but were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive.