Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v2.4.1.9
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2015 and 2014 (in millions, except per share amounts):
 
Three Months Ended
March 31,
2015
 
2014
Numerator:
 
 
 
Net income attributable to common shareowners
$
1,026

 
$
911

Denominator:
 
 
 
Weighted average shares
903

 
921

Deferred compensation obligations
1

 
1

Vested portion of restricted units
2

 
1

Denominator for basic earnings per share
906

 
923

Effect of dilutive securities:
 
 
 
Restricted units
6

 
7

Stock options
1

 
1

Denominator for diluted earnings per share
913

 
931

Basic earnings per share
$
1.13

 
$
0.99

Diluted earnings per share
$
1.12

 
$
0.98


Diluted earnings per share for the three months ended March 31, 2015 and 2014 exclude the effect of 0.2 and 0.1 million shares of common stock, respectively, that may be issued upon the exercise of employee stock options because such effect would be antidilutive.