Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Note 4–Earnings Per Share (“EPS”)

Basic and diluted earnings per share were computed as follows:

			Effect of
(Shares in thousands, dollars in millions, except per share amounts)	Basic		Dilution		Diluted
Three Months Ended March 31,
2016
Shareholders' net income	$	519			$	519
Shares:
Weighted average		254,822				254,822
Common stock equivalents				4,625		4,625
Total shares		254,822		4,625		259,447
EPS	$	2.04	$	(0.04)	$	2.00
2015
Shareholders' net income	$	533			$	533
Shares:
Weighted average		256,707				256,707
Common stock equivalents				4,539		4,539
Total shares		256,707		4,539		261,246
EPS	$	2.08	$	(0.04)	$	2.04

The followingoutstanding employee stock options were notincluded in the computation of diluted earnings per share for the three months ended March 31, 2016 and 2015 because their effect was anti-dilutive.

	Three Months Ended
	March 31,
(In millions)	2016	2015
Anti-dilutive options	1.3	1.4

The Company held 39,638,264shares of common stock in Treasury as of March 31, 2016, and 38,421,636 shares as of March 31, 2015.