EX-11 2 a12-10636_1ex11.htm EX-11

EXHIBIT 11

 

COMPUTATION OF BASIC AND DILUTED

EARNINGS PER SHARE

(UNAUDITED)

 

 

 

For the Three Months Ended

 

 

 

June 30, 2012

 

June 30, 2011

 

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

 

 

 

 

 

Weighted-average shares outstanding during period

 

1,149,039,441

 

1,204,827,774

 

Add — Incremental shares under stock-based compensation plans

 

10,888,916

 

14,179,393

 

Add — Incremental shares associated with contingently issuable shares

 

1,946,385

 

2,442,095

 

Number of shares on which diluted earnings per share is calculated

 

1,161,874,743

 

1,221,449,262

 

 

 

 

 

 

 

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

 

$

3,881

 

$

3,664

 

 

 

 

 

 

 

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

 

(1

)

0

 

 

 

 

 

 

 

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

 

$

3,881

 

$

3,664

 

 

 

 

 

 

 

Earnings per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

Assuming dilution

 

$

3.34

 

$

3.00

 

 

 

 

 

 

 

Basic

 

$

3.38

 

$

3.04

 

 

There were no stock options outstanding as of June 30, 2012 and 2011 that were considered antidilutive and not included in the earnings per share assuming dilution calculation.

 

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For the Six Months Ended

 

 

 

June 30, 2012

 

June 30, 2011

 

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

 

 

 

 

 

Weighted-average shares outstanding during period

 

1,154,065,962

 

1,213,490,709

 

Add — Incremental shares under stock compensation plans

 

12,211,361

 

14,917,113

 

Add — Incremental shares associated with contingently issuable shares

 

1,782,030

 

2,331,031

 

Number of shares on which diluted earnings per share is calculated

 

1,168,059,353

 

1,230,738,853

 

 

 

 

 

 

 

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

 

$

6,948

 

$

6,526

 

 

 

 

 

 

 

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

 

(1

)

0

 

 

 

 

 

 

 

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

 

$

6,947

 

$

6,526

 

 

 

 

 

 

 

Earnings per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

Assuming dilution

 

$

5.95

 

$

5.30

 

 

 

 

 

 

 

Basic

 

$

6.02

 

$

5.38

 

 

There were no stock options outstanding as of June 30, 2012 and 2011 that were considered antidilutive and not included in the earnings per share assuming dilution calculation.

 

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