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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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 June 30,    Six Months Ended June 30,
     2017    2016    2017    2016

Basic EPS:

                   

Net income

     $ 803        $ 950        $ 1,037        $ 1,650  

Weighted average common shares outstanding (in thousands)

       490,818          563,000          497,360          584,622  
    

 

 

      

 

 

      

 

 

      

 

 

 

Basic EPS

     $ 1.64        $ 1.69        $ 2.08        $ 2.82  
    

 

 

      

 

 

      

 

 

      

 

 

 

Diluted EPS:

                   

Net income for purposes of computing diluted EPS

     $ 803        $ 950        $ 1,037        $ 1,650  

Share computation for diluted EPS (in thousands):

                   

Basic weighted average common shares outstanding

       490,818          563,000          497,360          584,622  

Dilutive effect of stock awards

       2,147          3,040          3,021          4,142  
    

 

 

      

 

 

      

 

 

      

 

 

 

Diluted weighted average common shares outstanding

       492,965          566,040          500,381          588,764  
    

 

 

      

 

 

      

 

 

      

 

 

 

Diluted EPS

     $ 1.63        $ 1.68        $ 2.07        $ 2.80  
    

 

 

      

 

 

      

 

 

      

 

 

 

Restricted stock unit awards excluded from the calculation of diluted EPS because inclusion would be antidilutive (in thousands)

       837          2,601          616          1,845