EX-11 3 a12-7383_1ex11.htm EX-11

EXHIBIT 11

 

COMPUTATION OF BASIC AND DILUTED

EARNINGS PER SHARE

(UNAUDITED)

 

 

 

For the Three Months Ended

 

 

 

March 31, 2012

 

March 31, 2011

 

Number of shares on which basic earnings per share is calculated:

 

 

 

 

 

Weighted-average shares outstanding during period

 

1,159,092,482

 

1,222,153,643

 

Add — Incremental shares under stock-based compensation plans

 

13,533,806

 

15,654,835

 

Add — Incremental shares associated with contingently issuable shares

 

1,617,674

 

2,219,966

 

Number of shares on which diluted earnings per share is calculated

 

1,174,243,963

 

1,240,028,445

 

 

 

 

 

 

 

Net income on which basic earnings per share is calculated (millions)

 

$

3,066

 

$

2,863

 

 

 

 

 

 

 

Less — net income applicable to contingently issuable shares (millions)

 

—

 

—

 

 

 

 

 

 

 

Net income on which diluted earnings per share is calculated (millions)

 

$

3,066

 

$

2,863

 

 

 

 

 

 

 

Earnings per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

Assuming dilution

 

$

2.61

 

$

2.31

 

 

 

 

 

 

 

Basic

 

$

2.65

 

$

2.34

 

 

There were no stock options outstanding as of March 31, 2012 and 2011 that were considered antidilutive and not

included in the earnings per share assuming dilution calculation.

 

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