Earnings Per Common Share (EPS)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Common Share (EPS)

13. Earnings PerCommon Share (EPS)

The computations of basic and diluted EPSfor the three months endedMarch 31were as follows:

(Millions, except per share amounts)			2014			2013
Numerator:
	Basic and diluted:
		Net income	$	1,432	$	1,280
		Earnings allocated to participating share awards(a)		(12)		(11)
		Net income attributable to common shareholders	$	1,420	$	1,269
Denominator:(a)
	Basic: Weighted-average common stock			1,060		1,099
	Add: Weighted-average stock options(b)			7		7
	Diluted			1,067		1,106
Basic EPS			$	1.34	$	1.15
Diluted EPS			$	1.33	$	1.15

• The Company's unvested restricted stock awards, which include the right to receive non-forfeitable dividends or dividend equivalents, are considered participating securities. Calculations of EPS under the two-class method exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities. The related participating securities are similarly excluded from the denominator.
• Forthethree months endedMarch 31, 2014 and 2013, the dilutive effect of unexercised stock options excludes0.2 millionand 0.9 million of options, respectively,from the computation of EPS because inclusion of the options would have been anti-dilutive.

For thethree months ended March 31, 2014 and 2013, the Companymet specified performance measures related to the Subordinated Debentures of $750 million issued in 2006, which resulted in no impact to EPS.If the performance measures were not achieved in any given quarter, the Company would be required to issue common shares and apply the proceeds to make interest payments.