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Earnings per Share
 9 Months Ended
Sep. 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
September 30,

 

Nine Months Ended
September 30,

 

(in millions, except per share amounts)

 

2017

 

2016

 

2017

 

2016

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted

 

 

 

 

 

 

 

 

 

Net income, as reported

 

$

293

 

$

716

 

$

1,505

 

$

2,071

 

Participating share-based awards — allocated income

 

(2

)

(6

)

(11

)

(16

)

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders — basic and diluted

 

$

291

 

$

710

 

$

1,494

 

$

2,055

 

 

 

 

 

 

 

 

 

 

 

Common Shares

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

274.1

 

286.0

 

277.1

 

290.0

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

274.1

 

286.0

 

277.1

 

290.0

 

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

 

2.5

 

3.8

 

2.5

 

3.6

 

 

 

 

 

 

 

 

 

 

 

Total

 

276.6

 

289.8

 

279.6

 

293.6

 

 

 

 

 

 

 

 

 

 

 

Net Income per Common Share

 

 

 

 

 

 

 

 

 

Basic

 

$

1.06

 

$

2.48

 

$

5.39

 

$

7.09

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$

1.05

 

$

2.45

 

$

5.34

 

$

7.00