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Earnings Per Share of Common Stock (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share of Common Stock  
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