Earnings per Share

9 Months Ended

Sep. 30, 2011

Earnings per Share disclosure

Earnings per Share disclosure [Text Block]

7. EARNINGS PER SHARE

The following is a reconciliation of the net income and share data used in the basic and diluted earnings per share computations:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions, except per share amounts)	2011			2010			2011			2010
Basic
Net income, as reported	$	333		$	1,005		$	808		$	2,322
Preferred stock dividends	—			(1		)	(1		)	(2		)
Participating share-based awards — allocated income	(2		)	(8		)	(6		)	(18		)
Net income available to common shareholders — basic	$	331		$	996		$	801		$	2,302
Diluted
Net income available to common shareholders	$	331		$	996		$	801		$	2,302
Effect of dilutive securities:
Participating share-based awards — re-allocated income	—			1			—			1
Convertible preferred stock	—			1			1			2
Net income available to common shareholders — diluted	$	331		$	998		$	802		$	2,305
Common shares
Basic
Weighted average shares outstanding	415.0			465.9			420.4			486.1
Diluted
Weighted average shares outstanding	415.0			465.9			420.4			486.1
Weighted average effects of dilutive securities:
Stock options and performance shares	3.5			4.4			4.3			4.4
Convertible preferred stock	—			1.7			0.9			1.8
Total	418.5			472.0			425.6			492.3
Net Income per Common Share
Basic	$	0.80		$	2.14		$	1.90		$	4.73
Diluted	$	0.79		$	2.11		$	1.88		$	4.68