EX-11 3 a12-20368_1ex11.htm EX-11

EXHIBIT 11

 

COMPUTATION OF BASIC AND DILUTED

EARNINGS PER SHARE

(UNAUDITED)

 

 

 

For the Three Months Ended

 

 

 

September 30, 2012

 

September 30, 2011

 

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

 

 

 

 

 

Weighted-average shares outstanding during period

 

1,137,210,659

 

1,188,597,825

 

Add — Incremental shares under stock-based compensation plans

 

9,926,347

 

13,524,442

 

Add — Incremental shares associated with contingently issuable shares

 

2,161,886

 

2,754,037

 

Number of shares on which diluted earnings per share is calculated

 

1,149,298,892

 

1,204,876,305

 

 

 

 

 

 

 

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

 

$

3,824

 

$

3,839

 

 

 

 

 

 

 

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

 

—

 

—

 

 

 

 

 

 

 

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

 

$

3,824

 

$

3,839

 

 

 

 

 

 

 

Earnings per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

Assuming dilution

 

$

3.33

 

$

3.19

 

 

 

 

 

 

 

Basic

 

$

3.36

 

$

3.23

 

 

There were no stock options outstanding as of September 30, 2012 and 2011 that were considered antidilutive and not

included in the earnings per share assuming dilution calculation.

 

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COMPUTATION OF BASIC AND DILUTED

EARNINGS PER SHARE

(UNAUDITED)

 

 

 

For the Nine Months Ended

 

 

 

September 30, 2012

 

September 30, 2011

 

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

 

 

 

 

 

Weighted-average shares outstanding during period

 

1,148,447,527

 

1,205,193,081

 

Add — Incremental shares under stock compensation plans

 

11,449,689

 

14,452,890

 

Add — Incremental shares associated with contingently issuable shares

 

1,908,649

 

2,472,033

 

Number of shares on which diluted earnings per share is calculated

 

1,161,805,865

 

1,222,118,004

 

 

 

 

 

 

 

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

 

$

10,771

 

$

10,365

 

 

 

 

 

 

 

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

 

(1

)

—

 

 

 

 

 

 

 

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

 

$

10,771

 

$

10,365

 

 

 

 

 

 

 

Earnings per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

Assuming dilution

 

$

9.27

 

$

8.48

 

 

 

 

 

 

 

Basic

 

$

9.38

 

$

8.60

 

 

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

 

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