Computation of basic and diluted earnings per share |
| | | | | | | | | For the Three Months Ended | (Dollars in millions except per share amounts) | | September 30, 2020 | | September 30, 2019 | Number of shares on which basic earnings per share is calculated: | | | | | | | Weighted-average shares outstanding during period | | | 891,381,032 | | | 886,018,372 | Add — Incremental shares under stock-based compensation plans | | | 4,595,327 | | | 5,368,268 | Add — Incremental shares associated with contingently issuable shares | | | 1,315,874 | | | 1,453,105 | Number of shares on which diluted earnings per share is calculated | | | 897,292,233 | | | 892,839,745 | | | | | | | | Income from continuing operations | | $ | 1,698 | | $ | 1,673 | Income/(loss) from discontinued operations, net of tax | | | (1) | | | (1) | Net income on which basic earnings per share is calculated | | $ | 1,698 | | $ | 1,672 | | | | | | | | Income from continuing operations | | $ | 1,698 | | $ | 1,673 | Net income applicable to contingently issuable shares | | | — | | | — | Income from continuing operations on which diluted earnings per share is calculated | | $ | 1,698 | | $ | 1,673 | Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated | | | (1) | | | (1) | Net income on which diluted earnings per share is calculated | | $ | 1,698 | | $ | 1,672 | | | | | | | | Earnings/(loss) per share of common stock: | | | | | | | Assuming dilution | | | | | | | Continuing operations | | $ | 1.89 | | $ | 1.87 | Discontinued operations | | | 0.00 | | | 0.00 | Total | | $ | 1.89 | | $ | 1.87 | Basic | | | | | | | Continuing operations | | $ | 1.90 | | $ | 1.89 | Discontinued operations | | | 0.00 | | | 0.00 | Total | | $ | 1.90 | | $ | 1.89 |
| | | | | | | | | For the Nine Months Ended | (Dollars in millions except per share amounts) | | September 30, 2020 | | September 30, 2019 | Number of shares on which basic earnings per share is calculated: | | | | | | | Weighted-average shares outstanding during period | | | 889,595,181 | | | 887,291,199 | Add — Incremental shares under stock-based compensation plans | | | 4,875,369 | | | 4,007,433 | Add — Incremental shares associated with contingently issuable shares | | | 1,286,300 | | | 1,228,726 | Number of shares on which diluted earnings per share is calculated | | | 895,756,850 | | | 892,527,357 | | | | | | | | Income from continuing operations | | $ | 4,237 | | $ | 5,766 | Income/(loss) from discontinued operations, net of tax | | | (2) | | | (5) | Net income on which basic earnings per share is calculated | | $ | 4,234 | | $ | 5,761 | | | | | | | | Income from continuing operations | | $ | 4,237 | | $ | 5,766 | Net income applicable to contingently issuable shares | | | (2) | | | 0 | Income from continuing operations on which diluted earnings per share is calculated | | $ | 4,234 | | $ | 5,766 | Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated | | | (2) | | | (5) | Net income on which diluted earnings per share is calculated | | $ | 4,232 | | $ | 5,762 | | | | | | | | Earnings/(loss) per share of common stock: | | | | | | | Assuming dilution | | | | | | | Continuing operations | | $ | 4.72 | | $ | 6.46 | Discontinued operations | | | 0.00 | | | (0.01) | Total | | $ | 4.72 | | $ | 6.45 | Basic | | | | | | | Continuing operations | | $ | 4.76 | | $ | 6.50 | Discontinued operations | | | 0.00 | | | (0.01) | Total | | $ | 4.76 | | $ | 6.49 |
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