Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share

Earnings Per Share [Text Block]

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
2011
Shareholders' income from continuing operations		$	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' income from continuing operations		$	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
2009
Shareholders' income from continuing operations		$	1,291	$	-	$	1,291
Shares	(in thousands):
Weighted average			274,058		-		274,058
Common stock equivalents					1,299		1,299
Total shares			274,058		1,299		275,357
EPS		$	4.71	$	(0.02)	$	4.69

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)	2011	2010	2009
Antidilutive options	3.7	6.3	8.8