XML 45 R26.htm IDEA: XBRL DOCUMENT v3.6.0.2
Basis of Presentation and Significant Accounting Policies and Practices (Tables)
12 Months Ended
Dec. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Earnings per Share, Basic and Diluted

Computation and reconciliation of earnings per common share are as follows (shares in millions):

 

 

For Years Ended December 31,

 

 

2016

 

 

2015

 

 

2014

 

 

Net

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

 

 

 

 

 

Income

 

Shares

EPS

 

 

Income

 

Shares

EPS

 

 

Income

 

Shares

EPS

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

 

3,595

 

 

 

 

 

 

 

 

 

 

 

$

 

2,986

 

 

 

 

 

 

 

 

 

 

 

$

 

2,821

 

 

 

 

 

 

 

 

 

 

Income allocated to RSUs

 

 

(45

)

 

 

 

 

 

 

 

 

 

 

 

 

(43

)

 

 

 

 

 

 

 

 

 

 

 

 

(44

)

 

 

 

 

 

 

 

 

 

Income allocated to common stock for basic EPS calculation

$

 

3,550

 

 

 

1,003

 

 

$

 

3.54

 

 

$

 

2,943

 

 

 

1,030

 

 

$

 

2.86

 

 

$

 

2,777

 

 

 

1,065

 

 

$

 

2.61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustment for dilutive shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock compensation plans

 

 

 

 

 

 

18

 

 

 

 

 

 

 

 

 

 

 

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

 

3,595

 

 

 

 

 

 

 

 

 

 

 

$

 

2,986

 

 

 

 

 

 

 

 

 

 

 

$

 

2,821

 

 

 

 

 

 

 

 

 

 

Income allocated to RSUs

 

 

(44

)

 

 

 

 

 

 

 

 

 

 

 

 

(42

)

 

 

 

 

 

 

 

 

 

 

 

 

(43

)

 

 

 

 

 

 

 

 

 

Income allocated to common stock for diluted EPS calculation

$

 

3,551

 

 

 

1,021

 

 

$

 

3.48

 

 

$

 

2,944

 

 

 

1,043

 

 

$

 

2.82

 

 

$

 

2,778

 

 

 

1,080

 

 

$

 

2.57

 

 

Effects of Adoption of New Standard

The effects of our adoption of the new standard on our unaudited quarterly results for 2016 are as follows:

 

 

Quarter

 

 

1st

 

 

2nd

 

 

3rd

 

 

Reported

 

 

Recast

 

 

Reported

 

 

Recast

 

 

Reported

 

 

Recast

 

Income statement data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

$

 

282

 

 

$

 

239

 

 

$

 

323

 

 

$

 

283

 

 

$

 

413

 

 

$

 

363

 

Net income

 

 

668

 

 

 

 

711

 

 

 

 

779

 

 

 

 

819

 

 

 

 

968

 

 

 

 

1,018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average diluted shares outstanding, in millions

 

 

1,018

 

 

 

 

1,022

 

 

 

 

1,016

 

 

 

 

1,020

 

 

 

 

1,017

 

 

 

 

1,023

 

Basic EPS

$

 

0.65

 

 

$

 

0.70

 

 

$

 

0.77

 

 

$

 

0.81

 

 

$

 

0.95

 

 

$

 

1.00

 

Diluted EPS

$

 

0.65

 

 

$

 

0.69

 

 

$

 

0.76

 

 

$

 

0.79

 

 

$

 

0.94

 

 

$

 

0.98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

$

 

547

 

 

$

 

653

 

 

$

 

1,069

 

 

$

 

1,109

 

 

$

 

1,413

 

 

$

 

1,465

 

Cash flows from financing activities

 

 

(839

)

 

 

 

(945

)

 

 

 

(1,180

)

 

 

 

(1,220

)

 

 

 

(676

)

 

 

 

(728

)

Certain annual cash flow information has also been adjusted to reflect select aspects of the new standard that are applied retrospectively. The impact to our previously reported annual results is as follows:

 

 

For Years Ended December 31,

 

 

2015

 

 

2014

 

 

Reported

 

 

Recast

 

 

Reported

 

 

Recast

 

Cash flows from operating activities

$

 

4,268

 

 

$

 

4,397

 

 

$

 

3,892

 

 

$

 

4,054

 

Cash flows from financing activities

 

 

(4,165

)

 

 

 

(4,294

)

 

 

 

(3,943

)

 

 

 

(4,105

)