Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 4 — Earnings Per Share

Basic and diluted earnings per share were computed as follows:

				Effect of
(Dollars in millions, except per share amounts)		Basic		Dilution		Diluted
2012
Shareholders' net income		$	1,623	$	-	$	1,623
Shares	(in thousands):
Weighted average			284,819		-		284,819
Common stock equivalents					4,711		4,711
Total shares			284,819		4,711		289,530
EPS		$	5.70	$	(0.09)	$	5.61
2011
Shareholders' net income		$	1,260	$	-	$	1,260
Shares	(in thousands):
Weighted average			270,691		-		270,691
Common stock equivalents					3,558		3,558
Total shares			270,691		3,558		274,249
EPS		$	4.65	$	(0.06)	$	4.59
2010
Shareholders' net income		$	1,279	$	-	$	1,279
Shares	(in thousands):
Weighted average			272,866		-		272,866
Common stock equivalents					2,421		2,421
Total shares			272,866		2,421		275,287
EPS		$	4.69	$	(0.04)	$	4.65

The following outstanding employee stock options were not included in the computation of diluted earnings per share because their effect would have increased diluted earnings per share (antidilutive) as their exercise price was greater than the average share price of the Company's common stock for the period.

(In millions)	2012	2011	2010
Antidilutive options	2.5	3.7	6.3