Earnings Per Share

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Share

Note 4–Earnings Per Share

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

	Three Months Ended
	September 30, 2018						September 30, 2017
(Shares in thousands, dollars in millions, except per share amounts)			Effect of						Effect of
	Basic		Dilution		Diluted		Basic		Dilution		Diluted
Shareholders' net income	$	772			$	772	$	560			$	560
Shares
Weighted average		242,577				242,577		249,242				249,242
Common stock equivalents				3,535		3,535				4,168		4,168
Total shares		242,577		3,535		246,112		249,242		4,168		253,410
EPS	$	3.18	$	(0.04)	$	3.14	$	2.25	$	(0.04)	$	2.21

	Nine Months Ended
	September 30, 2018						September 30, 2017
(Shares in thousands, dollars in millions, except per share amounts)			Effect of						Effect of
	Basic		Dilution		Diluted		Basic		Dilution		Diluted
Shareholders' net income	$	2,493			$	2,493	$	1,971			$	1,971
Shares
Weighted average		242,404				242,404		252,980				252,980
Common stock equivalents				3,343		3,343				4,078		4,078
Total shares		242,404		3,343		245,747		252,980		4,078		257,058
EPS	$	10.28	$	(0.14)	$	10.14	$	7.79	$	(0.12)	$	7.67

The following outstanding employee stock options were not included in the computation of diluted earnings per share for the three months and nine months endedSeptember 30, 2018 and 2017 because their effect was anti-dilutive.

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In millions)	2018	2017	2018	2017
Anti-dilutive options	0.9	-	0.9	1.2

The Company held approximately 52.6 million shares of common stock in Treasury as of September 30, 2018, and 48.6 million shares as of September 30, 2017.