Earnings Per Share

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Note 4–EarningsPer Share

Basic and diluted earnings per share (“EPS”) were computed as follows:

	Three Months Ended
	September 30, 2017						September 30, 2016
(Shares in thousands, dollars in millions, except per share amounts)			Effect of						Effect of
	Basic		Dilution		Diluted		Basic		Dilution		Diluted
Shareholders' net income	$	560			$	560	$	456			$	456
Shares:
Weighted average		249,242				249,242		255,519				255,519
Common stock equivalents				4,168		4,168				4,235		4,235
Total shares		249,242		4,168		253,410		255,519		4,235		259,754
EPS	$	2.25	$	(0.04)	$	2.21	$	1.78	$	(0.02)	$	1.76

	Nine Months Ended
	September 30, 2017						September 30, 2016
(Shares in thousands, dollars in millions, except per share amounts)			Effect of						Effect of
	Basic		Dilution		Diluted		Basic		Dilution		Diluted
Shareholders' net income	$	1,971			$	1,971	$	1,485			$	1,485
Shares:
Weighted average		252,980				252,980		255,242				255,242
Common stock equivalents				4,078		4,078				4,326		4,326
Total shares		252,980		4,078		257,058		255,242		4,326		259,568
EPS	$	7.79	$	(0.12)	$	7.67	$	5.82	$	(0.10)	$	5.72

The followingoutstanding employee stock options were notincluded in the computation of diluted earnings per share for the three months and nine months endedSeptember 30, 2017 and 2016 because their effect was anti-dilutive.

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In millions)	2017	2016	2017	2016
Anti-dilutive options	-	2.6	1.2	2.2

The Company held 48,572,794shares of common stock in Treasury as of September 30, 2017, and 39,425,208 shares as of September 30, 2016.