Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2023

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	2023		2022		2023		2022
Basic
Net income	$	1,500	$	1,496	$	3,194	$	2,925
Less:
Net income attributable to noncontrolling interests	17		15		34		36
Preferred stock dividends	127		71		195		116
Preferred stock discount accretion and redemptions	2		1		4		3
Net income attributable to common shareholders	1,354		1,409		2,961		2,770
Less: Dividends and undistributed earnings allocated to nonvested restricted shares	7		7		15		13
Net income attributable to basic common shareholders	$	1,347	$	1,402	$	2,946	$	2,757
Basic weighted-average common shares outstanding	401		414		401		417
Basic earnings per common share (a)	$	3.36	$	3.39	$	7.35	$	6.62
Diluted
Net income attributable to diluted common shareholders	$	1,347	$	1,402	$	2,946	$	2,757
Basic weighted-average common shares outstanding	401		414		401		417
Dilutive potential common shares
Diluted weighted-average common shares outstanding	401		414		401		417
Diluted earnings per common share (a)	$	3.36	$	3.39	$	7.34	$	6.61

(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).