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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share  
Calculation of basic and diluted EPS

 

 

 

 

Periods Ended June 30

 

 

 

Three months

 

Six months

 

(in millions, except per-share amounts)

 

2012

 

2011

 

2012

 

2011

 

Basic EPS

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

1,332

 

$

1,819

 

$

2,892

 

$

3,224

 

Discontinued operations, net

 

(4

)

(2

)

(5

)

142

 

Net income

 

1,328

 

1,817

 

2,887

 

3,366

 

Less: Net income allocated to participating securities

 

(2

)

(3

)

(4

)

(6

)

Net income, net of participating securities

 

$

1,326

 

$

1,814

 

$

2,883

 

$

3,360

 

Weighted average number of basic shares

 

810.3

 

812.5

 

810.4

 

812.5

 

Basic EPS

 

$

1.64

 

$

2.23

 

$

3.55

 

$

4.14

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

Net income, net of participating securities

 

$

1,326

 

$

1,814

 

$

2,883

 

$

3,360

 

Weighted average number of basic shares

 

810.3

 

812.5

 

810.4

 

812.5

 

Dilutive effect of potentially dilutive securities

 

0.7

 

0.8

 

0.8

 

0.8

 

Total diluted weighted average common shares

 

811.0

 

813.3

 

811.2

 

813.3

 

Diluted EPS

 

$

1.64

 

$

2.23

 

$

3.55

 

$

4.13