Earnings Per Share (EPS) and Dividends

3 Months Ended

Mar. 31, 2014

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Earnings Per Share (EPS) and Dividends

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 March 31,
	2014				2013
	Basic		Diluted		Basic		Diluted
EPS Numerator (Millions)
Net Income	$	386	$	386	$	320	$	320
EPS Denominator (Thousands)
Weighted Average Common Shares Outstanding	506,077		506,077		505,942		505,942
Effect of Stock Based Compensation Awards	—		1,754		—		1,278
Total Shares	506,077		507,831		505,942		507,220
EPS
Net Income	$	0.76	$	0.76	$	0.63	$	0.63

	Three Months Ended
	March 31,
Dividend Payments on Common Stock	2014		2013
Per Share	$	0.37	$	0.36
In Millions	$	187	$	182