Computations of Profit Per Share

9 Months Ended

Sep. 30, 2011

Computations of Profit Per Share

Computations of Profit Per Share

11. Computations of Profit Per Share

(Dollars in millions except per share data)		Three Months Ended September 30,		Nine Months Ended September 30,
		2011	2010	2011	2010
I.	Profit (loss) for the period (A)1:	$1,141	$792	$3,381	$1,732
II.	Determination of shares (in millions):
	Weighted-average number of common shares outstanding (B)	646.6	632.6	644.3	629.6
	Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price	19.4	19.0	21.8	17.4
	Average common shares outstanding for fully diluted computation (C) 2	666.0	651.6	666.1	647.0
III.	Profit (loss) per share of common stock:
	Assuming no dilution (A/B)	$1.76	$1.25	$5.25	$2.75
	Assuming full dilution (A/C) 2	$1.71	$1.22	$5.08	$2.68
1 Profit (loss) 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 2,904,815 common shares were outstanding for both the three and nine months ended September 30, 2011, but were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive.  For the three and nine months ended September 30, 2010, there were outstanding SARs and stock options to purchase 4,853,298 and 21,652,360 common shares, respectively, but were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive.