Earnings Per Common Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Common Share

3. Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (EPS) (in millions, except share and per share amounts):

	Three Months Ended March 31,
	2016		2015
Basic EPS:
Net income	$	700	$	932
Weighted average common shares outstanding (in thousands)		606,245		696,415
Basic EPS	$	1.15	$	1.34
Diluted EPS:
Net income for purposes of computing diluted EPS	$	700	$	932
Share computation for diluted EPS (in thousands):
Basic weighted average common shares outstanding		606,245		696,415
Dilutive effect of stock awards		5,243		20,515
Diluted weighted average common shares outstanding		611,488		716,930
Diluted EPS	$	1.14	$	1.30
The following were excluded from the calculation of diluted EPS (in thousands):
Stock options, stock appreciation rights and restricted stock unit awards because inclusion would be antidilutive		1,089		1