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Earnings per Share (table)
9 Months Ended
Sep. 30, 2012
Earnings per Share disclosure  
Earnings per share reconciliation [Table Text Block]

 

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

(in millions, except per  share amounts)

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

Net income, as reported

 

$

864

 

$

333

 

$

2,169

 

$

808

 

Participating share-based awards — allocated income

 

(6

)

(2

)

(17

)

(6

)

Preferred stock dividends

 

 

 

 

(1

)

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders — basic

 

$

858

 

$

331

 

$

2,152

 

$

801

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

Net income available to common shareholders

 

$

858

 

$

331

 

$

2,152

 

$

801

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Convertible preferred stock

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders — diluted

 

$

858

 

$

331

 

$

2,152

 

$

802

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Shares

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

384.0

 

415.0

 

388.0

 

420.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

384.0

 

415.0

 

388.0

 

420.4

 

Weighted average effects of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options and performance shares

 

3.9

 

3.5

 

3.5

 

4.3

 

Convertible preferred stock

 

 

 

 

0.9

 

 

 

 

 

 

 

 

 

 

 

Total

 

387.9

 

418.5

 

391.5

 

425.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income per Common Share

 

 

 

 

 

 

 

 

 

Basic

 

$

2.23

 

$

0.80

 

$

5.55

 

$

1.90

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$

2.21

 

$

0.79

 

$

5.50

 

$

1.88