Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share

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:
		2018				2017
For the three months ended June 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	$	563			344
Less: Income allocated to participating securities		6			4
Net income allocated to common shareholders	$	557	683	0.81	340	741	0.46
Earnings Per Diluted Share:
Net income available to common shareholders	$	563			344
Effect of dilutive securities:
Stock-based awards		-	13		-	11
Net income available to common shareholders plus assumed conversions		563			344
Less: Income allocated to participating securities		6			4
Net income allocated to common shareholders
plus assumed conversions	$	557	696	0.80	340	752	0.45

		2018				2017
For the six months ended June 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	$	1,252			634
Less: Income allocated to participating securities		15			7
Net income allocated to common shareholders	$	1,237	687	1.80	627	745	0.84
Earnings Per Diluted Share:
Net income available to common shareholders	$	1,252			634
Effect of dilutive securities:
Stock-based awards		-	13		-	12
Net income available to common shareholders plus assumed conversions		1,252			634
Less: Income allocated to participating securities		14			7
Net income allocated to common shareholders
plus assumed conversions	$	1,238	700	1.77	627	757	0.83