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Earnings per Share
6 Months Ended
Jun. 30, 2014
Earnings per Share disclosure  
Earnings per Share disclosure [Text Block]

8.                       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
June 30,

 

Six Months Ended
June 30,

 

(in millions, except per share amounts)

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted

 

 

 

 

 

 

 

 

 

Net income, as reported

 

$

683

 

$

925

 

$

1,735

 

$

1,821

 

Participating share-based awards — allocated income

 

(5

)

(7

)

(12

)

(14

)

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders — basic and diluted

 

$

678

 

$

918

 

$

1,723

 

$

1,807

 

 

 

 

 

 

 

 

 

 

 

Common Shares

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

343.0

 

375.9

 

346.9

 

376.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

343.0

 

375.9

 

346.9

 

376.8

 

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

 

3.7

 

4.0

 

3.6

 

4.0

 

 

 

 

 

 

 

 

 

 

 

Total

 

346.7

 

379.9

 

350.5

 

380.8

 

 

 

 

 

 

 

 

 

 

 

Net Income per Common Share

 

 

 

 

 

 

 

 

 

Basic

 

$

1.98

 

$

2.44

 

$

4.97

 

$

4.80

 

Diluted

 

$

1.95

 

$

2.41

 

$

4.91

 

$

4.75