Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Basic and Diluted Earnings per Common Share

Table 64: Basic and Diluted Earnings Per Common Share

	Three months ended March 31
In millions, except per share data	2020		2019
Basic
Net income	$	915	$	1,271
Less:
Net income attributable to noncontrolling interests	7		10
Preferred stock dividends	63		63
Preferred stock discount accretion and redemptions	1		1
Net income attributable to common shareholders	844		1,197
Less: Dividends and undistributed earnings allocated to participating securities	4		5
Net income attributable to basic common shareholders	$	840	$	1,192
Basic weighted-average common shares outstanding	429		455
Basic earnings per common share (a)	$	1.96	$	2.62
Diluted
Net income attributable to basic common shareholders	$	840	$	1,192
Less: Impact of BlackRock earnings per share dilution	1		3
Net income attributable to diluted common shareholders	$	839	$	1,189
Basic weighted-average common shares outstanding	429		455
Dilutive potential common shares	1		1
Diluted weighted-average common shares outstanding	430		456
Diluted earnings per common share (a)	$	1.95	$	2.61

(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).