Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

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:
		2019				2018
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	$	427			579
Less: Income allocated to participating securities		4			6
Net income allocated to common shareholders	$	423	738	0.57	573	683	0.84
Earnings Per Diluted Share:
Net income available to common shareholders	$	427			579
Effect of dilutive securities:
Stock-based awards		-	10		-	13
Net income available to common shareholders		427			579
plus assumed conversions
Less: Income allocated to participating securities		4			6
Net income allocated to common shareholders
plus assumed conversions	$	423	748	0.57	573	696	0.82

		2019				2018
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	$	1,187			1,265
Less: Income allocated to participating securities		11			15
Net income allocated to common shareholders	$	1,176	700	1.68	1,250	687	1.82
Earnings Per Diluted Share:
Net income available to common shareholders	$	1,187			1,265
Effect of dilutive securities:
Stock-based awards		-	9		-	13
Net income available to common shareholders		1,187			1,265
plus assumed conversions
Less: Income allocated to participating securities		11			15
Net income allocated to common shareholders
plus assumed conversions	$	1,176	709	1.66	1,250	700	1.79