Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share

The following tables provide the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share:

		2017				2016^(a)
For the three months ended September 30,			Average	Per Share		Average	Per Share
(in millions, except per share data)		Income	Shares	Amount	Income	Shares	Amount
Earnings Per Share:
Net income available to common shareholders	$	999			501
Less: Income allocated to participating securities		10			5
Net income allocated to common shareholders	$	989	721	1.37	496	751	0.66
Earnings Per Diluted Share:
Net income available to common shareholders	$	999			501
Effect of dilutive securities:
Stock-based awards		-	12		-	7
Net income available to common shareholders plus assumed conversions		999			501
Less: Income allocated to participating securities		10			5
Net income allocated to common shareholders
plus assumed conversions	$	989	733	1.35	496	758	0.65

Average common shares outstanding - diluted were adjusted for the three months ended September 30, 2016 related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016

		2017				2016^(a)
For the nine months ended September 30,			Average	Per Share		Average	Per Share
(in millions, except per share data)		Income	Shares	Amount	Income	Shares	Amount
Earnings Per Share:
Net income available to common shareholders	$	1,633			1,118
Less: Income allocated to participating securities		18			12
Net income allocated to common shareholders	$	1,615	737	2.19	1,106	761	1.45
Earnings Per Diluted Share:
Net income available to common shareholders	$	1,633			1,118
Effect of dilutive securities:
Stock-based awards		-	12		-	6
Net income available to common shareholders plus assumed conversions		1,633			1,118
Less: Income allocated to participating securities		18			12
Net income allocated to common shareholders
plus assumed conversions	$	1,615	749	2.16	1,106	767	1.44

Net tax deficiencies of $6 were reclassified from capital surplus to applicable income tax expense and average common shares outstanding - diluted were adjusted for the nine months ended September 30, 2016 related to the early adoption of ASU 2016-09 during the fourth quarter of 2016, with an effective date of January 1, 2016.