Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Basic and Diluted Earnings per Common Share

Table 65: Basic and Diluted Earnings Per Common Share

	Three months ended June 30				Six months ended June 30
In millions, except per share data	2019		2018		2019		2018
Basic
Net income	$	1,374	$	1,356	$	2,645	$	2,595
Less:
Net income attributable to noncontrolling interests	12		10		22		20
Preferred stock dividends	55		55		118		118
Preferred stock discount accretion and redemptions	1		1		2		2
Net income attributable to common shares	1,306		1,290		2,503		2,455
Less: Dividends and undistributed earnings allocated to participating securities	4		5		9		10
Net income attributable to basic common shares	$	1,302	$	1,285	$	2,494	$	2,445
Basic weighted-average common shares outstanding	451		469		453		471
Basic earnings per common share (a)	$	2.89	$	2.74	$	5.51	$	5.19
Diluted
Net income attributable to basic common shares	$	1,302	$	1,285	$	2,494	$	2,445
Less: Impact of BlackRock earnings per share dilution	2		3		5		5
Net income attributable to diluted common shares	$	1,300	$	1,282	$	2,489	$	2,440
Basic weighted-average common shares outstanding	451		469		453		471
Dilutive potential common shares	1		3		1		3
Diluted weighted-average common shares outstanding	452		472		454		474
Diluted earnings per common share (a)	$	2.88	$	2.72	$	5.49	$	5.15

(a)

Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).