Earnings Per Share (EPS) and Dividends

6 Months Ended

Jun. 30, 2012

Earnings Per Share (EPS) and Dividends

Note 15. Earnings Per Share (EPS) and Dividends

Diluted EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding, including shares issuable upon exercise of stock options outstanding or vesting of restricted stock awards granted under our stock compensation plans and upon payment of performance units or restricted stock units. The following table shows the effect of these stock options, performance units and restricted stock units on the weighted average number of shares outstanding used in calculating diluted EPS:

	Three Months Ended June 30,								Six Months Ended June 30,
	2012				2011				2012				2011
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic		Diluted
EPS Numerator (Millions)
Continuing Operations	$	211	$	211	$	320	$	320	$	704	$	704	$	782	$	782
Discontinued Operations		0		0		3		3		0		0		67		67
Net Income	$	211	$	211	$	323	$	323	$	704	$	704	$	849	$	849
EPS Denominator (Thousands)
Weighted Average Common Shares Outstanding		505,903		505,903		505,988		505,988		505,956		505,956		505,984		505,984
Effect of Stock Based Compensation Awards		0		1,066		0		773		0		1,043		0		961
Total Shares		505,903		506,969		505,988		506,761		505,956		506,999		505,984		506,945
EPS
Continuing Operations	$	0.42	$	0.42	$	0.63	$	0.63	$	1.39	$	1.39	$	1.55	$	1.54
Discontinued Operations		0.00		0.00		0.00		0.00		0.00		0.00		0.13		0.13
Net Income	$	0.42	$	0.42	$	0.63	$	0.63	$	1.39	$	1.39	$	1.68	$	1.67

	Three Months Ended June 30,				Six Months Ended June 30,
Dividend Payments on Common Stock	2012		2011		2012		2011
Per Share	$	0.3550	$	0.3425	$	0.7100	$	0.6850
in Millions	$	180	$	173	$	359	$	347