EX-11 3 a13-13617_1ex11.htm EX-11

EXHIBIT 11

 

COMPUTATION OF BASIC AND DILUTED

EARNINGS PER SHARE

(UNAUDITED)

 

 

 

For the Three Months Ended

 

 

 

June 30, 2013

 

June 30, 2012

 

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

 

 

 

 

 

Weighted-average shares outstanding during period

 

1,100,895,416

 

1,149,039,441

 

Add — Incremental shares under stock-based compensation plans

 

6,812,301

 

10,888,916

 

Add — Incremental shares associated with contingently issuable shares

 

1,721,200

 

1,946,385

 

Number of shares on which diluted earnings per share is calculated

 

1,109,428,918

 

1,161,874,743

 

 

 

 

 

 

 

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

 

$

3,226

 

$

3,881

 

 

 

 

 

 

 

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

 

1

 

1

 

 

 

 

 

 

 

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

 

$

3,225

 

$

3,881

 

 

 

 

 

 

 

Earnings per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

Assuming dilution

 

$

2.91

 

$

3.34

 

 

 

 

 

 

 

Basic

 

$

2.93

 

$

3.38

 

 

There were no stock options outstanding as of June 30, 2013 and 2012 that were considered antidilutive and not included

in the earnings per share assuming dilution calculation.

 

84


 

COMPUTATION OF BASIC AND DILUTED

EARNINGS PER SHARE

(UNAUDITED)

 

 

 

For the Six Months Ended

 

 

 

June 30, 2013

 

June 30, 2012

 

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

 

 

 

 

 

Weighted-average shares outstanding during period

 

1,107,284,900

 

1,154,065,962

 

Add — Incremental shares under stock compensation plans

 

7,842,407

 

12,211,361

 

Add — Incremental shares associated with contingently issuable shares

 

1,584,738

 

1,782,030

 

Number of shares on which diluted earnings per share is calculated

 

1,116,712,046

 

1,168,059,353

 

 

 

 

 

 

 

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

 

$

6,258

 

$

6,948

 

 

 

 

 

 

 

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

 

1

 

1

 

 

 

 

 

 

 

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

 

$

6,257

 

$

6,947

 

 

 

 

 

 

 

Earnings per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

Assuming dilution

 

$

5.60

 

$

5.95

 

 

 

 

 

 

 

Basic

 

$

5.65

 

$

6.02

 

 

There were no stock options outstanding as of June 30, 2013 and 2012 that were considered antidilutive and not

included in the earnings per share assuming dilution calculation.

 

85