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Earnings per Share
3 Months Ended
Mar. 31, 2016
Earnings per Share disclosure  
Earnings per Share disclosure [Text Block]

8.                       EARNINGS PER SHARE

 

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

 

 

 

Three Months Ended
March 31,

 

(in millions, except per share amounts)

 

2016

 

2015

 

Basic and Diluted

 

 

 

 

 

Net income, as reported

 

$

691

 

$

833

 

Participating share-based awards — allocated income

 

(5

)

(6

)

Net income available to common shareholders — basic and diluted

 

$

686

 

$

827

 

Common Shares

 

 

 

 

 

Basic

 

 

 

 

 

Weighted average shares outstanding

 

294.2

 

320.8

 

Diluted

 

 

 

 

 

Weighted average shares outstanding

 

294.2

 

320.8

 

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

 

3.7

 

3.7

 

Total

 

297.9

 

324.5

 

Net Income per Common Share

 

 

 

 

 

Basic

 

$

2.33

 

$

2.58

 

Diluted

 

$

2.30

 

$

2.55