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Earnings per Share
 6 Months Ended
Jun. 30, 2017
Earnings per Share disclosure  
Earnings per Share disclosure [Text Block]

10.                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)

 

2017

 

2016

 

2017

 

2016

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted

 

 

 

 

 

 

 

 

 

Net income, as reported

 

$

595

 

$

664

 

$

1,212

 

$

1,355

 

Participating share-based awards — allocated income

 

(5

)

(5

)

(9

)

(10

)

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders — basic and diluted

 

$

590

 

$

659

 

$

1,203

 

$

1,345

 

 

 

 

 

 

 

 

 

 

 

Common Shares

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

277.5

 

290.1

 

278.6

 

292.1

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

277.5

 

290.1

 

278.6

 

292.1

 

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

 

2.5

 

3.5

 

2.6

 

3.5

 

Total

 

280.0

 

293.6

 

281.2

 

295.6

 

 

 

 

 

 

 

 

 

 

 

Net Income per Common Share

 

 

 

 

 

 

 

 

 

Basic

 

$

2.13

 

$

2.27

 

$

4.32

 

$

4.60

 

Diluted

 

$

2.11

 

$

2.24

 

$

4.28

 

$

4.55