Earnings Per Share (Tables)

9 Months Ended

Sep. 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 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	$	418			999
Less: Income allocated to participating securities		5			10
Net income allocated to common shareholders	$	413	668	0.62	989	721	1.37
Earnings Per Diluted Share:
Net income available to common shareholders	$	418			999
Effect of dilutive securities:
Stock-based awards		-	11		-	12
Net income available to common shareholders plus assumed conversions		418			999
Less: Income allocated to participating securities		5			10
Net income allocated to common shareholders
plus assumed conversions	$	413	679	0.61	989	733	1.35

		2018				2017
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	$	1,669			1,633
Less: Income allocated to participating securities		18			18
Net income allocated to common shareholders	$	1,651	680	2.43	1,615	737	2.19
Earnings Per Diluted Share:
Net income available to common shareholders	$	1,669			1,633
Effect of dilutive securities:
Stock-based awards		-	13		-	12
Net income available to common shareholders plus assumed conversions		1,669			1,633
Less: Income allocated to participating securities		18			18
Net income allocated to common shareholders
plus assumed conversions	$	1,651	693	2.38	1,615	749	2.16