Earnings Per Common Share

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Common Share

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 September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Basic EPS:
Net income	$	624	$	737	$	1,661	$	2,387
Weighted average common shares outstanding (in thousands)	484,772		525,415		493,164		564,886
Basic EPS	$	1.29	$	1.40	$	3.37	$	4.23
Diluted EPS:
Net income for purposes of computing diluted EPS	$	624	$	737	$	1,661	$	2,387
Share computation for diluted EPS (in thousands):
Basic weighted average common shares outstanding	484,772		525,415		493,164		564,886
Dilutive effect of stock awards	1,853		3,095		2,632		3,793
Diluted weighted average common shares outstanding	486,625		528,510		495,796		568,679
Diluted EPS	$	1.28	$	1.40	$	3.35	$	4.20
Restricted stock unit awards excluded from the calculation of diluted EPS because inclusion would be antidilutive (in thousands)	66		1,623		432		1,771