Profit Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Computations of profit per share

 

Computations of profit per share:	Three Months Ended September 30				Nine Months Ended September 30
(Dollars in millions except per share data)	2019		2018		2019		2018
Profit for the period (A) 1	$	1,494	$	1,727	$	4,995	$	5,099
Determination of shares (in millions):
Weighted-average number of common shares outstanding (B)	556.3		592.1		565.2		595.3
Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price	4.9		7.3		5.6		8.5
Average common shares outstanding for fully diluted computation (C) 2	561.2		599.4		570.8		603.8
Profit per share of common stock:
Assuming no dilution (A/B)	$	2.69	$	2.92	$	8.84	$	8.57
Assuming full dilution (A/C) 2	$	2.66	$	2.88	$	8.75	$	8.45
Shares outstanding as of September 30 (in millions)					552.7		590.1
1 Profit attributable to common shareholders.
2 Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.