Weighted Average Shares Outstanding

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Weighted Average Number Of Shares Outstanding [Text Block]

NOTE J – WEIGHTED AVERAGE SHARES OUTSTANDING

	Three Months Ended June 30,			Six Months Ended June 30,
(in millions)	2017	2016		2017	2016
Weighted average shares outstanding - basic	1,369.8	1,357.4		1,367.6	1,353.9
Net effect of common stock equivalents	21.3	—	*	23.0	—	*
Weighted average shares outstanding - assuming dilution	1,391.1	1,357.4		1,390.6	1,353.9

*We generated net losses in the second quarter and first half of 2016. Our weighted-average shares outstanding for earnings per share calculations exclude common stock equivalents of 17.7 million for the second quarter of 2016 and 18.6 million for the first half of 2016 due to our net loss positions.

The impact of stock options outstanding with exercise prices greater than the average fair market value of our common stock was immaterial for all periods presented.

We issued approximately one million shares of our common stock in the second quarter of 2017, four million shares of our common stock in the second quarter of 2016, eight million shares of our common stock in the first half of2017 and 12 million shares of our common stock in the first half of2016, following the exercise of underlying stock options, vesting of deferred stock units or purchases under our employee stock purchase plan. We did not repurchase any shares of our common stock during the first half of2017 or 2016.