Earnings per Share (Tables)

9 Months Ended

Sep. 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 September 30				Nine months ended September 30
In millions, except per share data	2023		2022		2023		2022
Basic
Net income	$	1,570	$	1,640	$	4,764	$	4,565
Less:
Net income attributable to noncontrolling interests	16		16		50		52
Preferred stock dividends	104		65		299		181
Preferred stock discount accretion and redemptions	2		1		6		4
Net income attributable to common shareholders	1,448		1,558		4,409		4,328
Less: Dividends and undistributed earnings allocated to nonvested restricted shares	8		8		23		21
Net income attributable to basic common shareholders	$	1,440	$	1,550	$	4,386	$	4,307
Basic weighted-average common shares outstanding	400		410		401		414
Basic earnings per common share (a)	$	3.60	$	3.78	$	10.95	$	10.39
Diluted
Net income attributable to diluted common shareholders	$	1,440	$	1,550	$	4,386	$	4,307
Basic weighted-average common shares outstanding	400		410		401		414
Dilutive potential common shares							1
Diluted weighted-average common shares outstanding	400		410		401		415
Diluted earnings per common share (a)	$	3.60	$	3.78	$	10.94	$	10.39

(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).