Earnings Per Share (EPS)

6 Months Ended

Jun. 30, 2011

Earnings Per Share (EPS)

Earnings Per Share (EPS)

Note 15. Earnings Per Share (EPS)

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,
	2011				2010				2011				2010
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic			Diluted
EPS Numerator (Millions)
Continuing Operations	$	320	$	320	$	222	$	222	$	782	$	782	$	720		$	720
Discontinued Operations		3		3		2		2		67		67		(5	)		(5	)
Net Income	$	323	$	323	$	224	$	224	$	849	$	849	$	715		$	715
EPS Denominator (Thousands)
Weighted Average Common Shares Outstanding		505,988		505,988		506,109		506,109		505,984		505,984		506,030			506,030
Effect of Stock Options		0		167		0		137		0		161		0			139
Effect of Stock Performance Share Units		0		381		0		707		0		612		0			848
Effect of Restricted Stock Units		0		225		0		138		0		188		0			102
Total Shares		505,988		506,761		506,109		507,091		505,984		506,945		506,030			507,119
EPS:
Continuing Operations	$	0.63	$	0.63	$	0.44	$	0.44	$	1.55	$	1.54	$	1.42		$	1.42
Discontinued Operations		0.00		0.00		0.00		0.00		0.13		0.13		(0.01	)		(0.01	)
Net Income	$	0.63	$	0.63	$	0.44	$	0.44	$	1.68	$	1.67	$	1.41		$	1.41

	Three Months Ended June 30,				Six Months Ended June 30,
Dividend Payments on Common Stock	2011		2010		2011		2010
Per Share	$	0.3425	$	0.3425	$	0.6850	$	0.6850
in Millions	$	173	$	173	$	347	$	347