Earnings Per Share (Tables)

9 Months Ended

Sep. 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 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	$	530			421
Less: Income allocated to participating securities		4			4
Net income allocated to common shareholders	$	526	727	0.72	417	668	0.62
Earnings Per Diluted Share:
Net income available to common shareholders	$	530			421
Effect of dilutive securities:
Stock-based awards		-	9		-	11
Net income available to common shareholders		530			421
plus assumed conversions
Less: Income allocated to participating securities		4			4
Net income allocated to common shareholders
plus assumed conversions	$	526	736	0.71	417	679	0.61

		2019				2018
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	$	1,718			1,685
Less: Income allocated to participating securities		16			18
Net income allocated to common shareholders	$	1,702	709	2.40	1,667	680	2.45
Earnings Per Diluted Share:
Net income available to common shareholders	$	1,718			1,685
Effect of dilutive securities:
Stock-based awards		-	9		-	13
Net income available to common shareholders		1,718			1,685
plus assumed conversions
Less: Income allocated to participating securities		16			18
Net income allocated to common shareholders
plus assumed conversions	$	1,702	718	2.37	1,667	693	2.41