Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.19.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2019 and 2018 (in millions, except per share amounts):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Net income attributable to common shareowners
$
1,750

 
$
1,508

 
$
4,546

 
$
4,338

Denominator:
 
 
 
 
 
 
 
Weighted average shares
858

 
860

 
859

 
861

Deferred compensation obligations
—

 
1

 
—

 
1

Vested portion of restricted units
6

 
4

 
6

 
4

Denominator for basic earnings per share
864

 
865

 
865

 
866

Effect of dilutive securities:
 
 
 
 
 
 
 
Restricted units
6

 
5

 
4

 
4

Stock options
—

 
—

 
—

 
—

Denominator for diluted earnings per share
870

 
870

 
869

 
870

Basic earnings per share
$
2.03

 
$
1.74

 
$
5.26

 
$
5.01

Diluted earnings per share
$
2.01

 
$
1.73

 
$
5.23

 
$
4.99