Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.8.0.1
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The earnings per share amounts are the same for class A and class B common shares as the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.
The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share amounts): 
 
2017
 
2016
 
2015
Numerator:
 
 
 
 
 
Net income attributable to common shareowners
$
4,910

 
$
3,431

 
$
4,844

Denominator:
 
 
 
 
 
Weighted-average shares
865

 
878

 
896

Deferred compensation obligations
1

 
1

 
1

Vested portion of restricted shares
5

 
4

 
4

Denominator for basic earnings per share
871

 
883

 
901

Effect of Dilutive Securities:
 
 
 
 
 
Restricted performance units
3

 
3

 
4

Stock options
1

 
1

 
1

Denominator for diluted earnings per share
875

 
887

 
906

Basic Earnings Per Share
$
5.64

 
$
3.89

 
$
5.38

Diluted Earnings Per Share
$
5.61

 
$
3.87

 
$
5.35


Diluted earnings per share for the years ended December 31, 2017, 2016 and 2015 exclude the effect of 0.1, 0.2 and 0.2 million shares, respectively, of common stock that may be issued upon the exercise of employee stock options because such effect would be antidilutive.