Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2019
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): 
 
2019
 
2018
 
2017
Numerator:
 
 
 
 
 
Net income attributable to common shareowners
$
4,440

 
$
4,791

 
$
4,905

Denominator:
 
 
 
 
 
Weighted-average shares
859

 
860

 
865

Deferred compensation obligations
—

 
1

 
1

Vested portion of restricted shares
5

 
5

 
5

Denominator for basic earnings per share
864

 
866

 
871

Effect of Dilutive Securities:
 
 
 
 
 
Restricted performance units
5

 
4

 
3

Stock options
—

 
—

 
1

Denominator for diluted earnings per share
869

 
870

 
875

Basic Earnings Per Share
$
5.14

 
$
5.53

 
$
5.63

Diluted Earnings Per Share
$
5.11

 
$
5.51

 
$
5.61


Diluted earnings per share for the years ended December 31, 2019, 2018 and 2017 exclude the effect of 0.5, 0.2 and 0.1 million shares, respectively, of common stock that may be issued upon the exercise of employee stock options because such effect would be antidilutive.