Earnings Per Share (EPS) and Dividends

9 Months Ended

Sep. 30, 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 September 30,								Nine Months Ended September 30,
	2014				2013				2014				2013
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic		Diluted
EPS Numerator (Millions)
Net Income	$	444	$	444	$	390	$	390	$	1,042	$	1,042	$	1,043	$	1,043
EPS Denominator (Thousands)
Weighted Average Common Shares Outstanding	505,862		505,862		505,858		505,858		505,937		505,937		505,900		505,900
Effect of Stock Based Compensation Awards	—		1,560		—		1,836		—		1,465		—		1,533
Total Shares	505,862		507,422		505,858		507,694		505,937		507,402		505,900		507,433
EPS
Net Income	$	0.88	$	0.87	$	0.77	$	0.77	$	2.06	$	2.05	$	2.06	$	2.06

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Dividend Payments on Common Stock	2014		2013		2014		2013
Per Share	$	0.37	$	0.36	$	1.11	$	1.08
In Millions	$	187	$	182	$	561	$	546