Weighted Average Shares Outstanding

9 Months Ended

Sep. 30, 2019

Weighted Average Number Of Shares Outstanding [Text Block]

NOTE J – WEIGHTED AVERAGE SHARES OUTSTANDING



	Three Months Ended September 30,		Nine Months Ended September 30,
(in millions)	2019	2018	2019	2018
Weighted average shares outstanding - basic	1,393.1	1,382.8	1,390.6	1,380.0
Net effect of common stock equivalents	19.0	21.0	19.1	19.9
Weighted average shares outstanding - assuming dilution	1,412.2	1,403.9	1,409.7	1,399.8

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 two million shares of our common stock in the third quarter of 2019, approximately two million shares of our common stock in the third quarter of 2018, approximately nine million shares of our common stock in the first nine months of 2019 and approximately 10 million shares of our common stock in the first nine months of 2018, following the exercise of 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 in the first nine months of 2019 or 2018.