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Earnings per Share
9 Months Ended
Sep. 30, 2013
Earnings per Share disclosure  
Earnings per Share disclosure [Text Block]

9.                       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 for the periods presented:

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

(in millions, except per share amounts)

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted

 

 

 

 

 

 

 

 

 

Net income, as reported

 

$

864

 

$

864

 

$

2,685

 

$

2,169

 

Participating share-based awards — allocated income

 

(6

)

(6

)

(20

)

(17

)

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders — basic and diluted

 

$

858

 

$

858

 

$

2,665

 

$

2,152

 

 

 

 

 

 

 

 

 

 

 

Common Shares

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

368.9

 

384.0

 

374.1

 

388.0

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

368.9

 

384.0

 

374.1

 

388.0

 

Weighted average effects of dilutive securities — stock options and performance shares

 

4.0

 

3.9

 

4.0

 

3.5

 

 

 

 

 

 

 

 

 

 

 

Total

 

372.9

 

387.9

 

378.1

 

391.5

 

 

 

 

 

 

 

 

 

 

 

Net Income per Common Share

 

 

 

 

 

 

 

 

 

Basic

 

$

2.33

 

$

2.23

 

$

7.12

 

$

5.55

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$

2.30

 

$

2.21

 

$

7.05

 

$

5.50