Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2013
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, 2013 and 2012 (in millions, except per share amounts):
 
Three Months Ended
March 31,
 
2013
 
2012
 
Numerator:
 
 
 
 
Net income attributable to common shareowners
$
1,037

 
$
970

 
Denominator:
 
 
 
 
Weighted average shares
949

 
959

 
Deferred compensation obligations
1

 
2

 
Vested portion of restricted shares
2

 
1

 
Denominator for basic earnings per share
952

 
962

 
Effect of dilutive securities:
 
 
 
 
Restricted shares
7

 
9

 
Stock options
1

 
1

 
Denominator for diluted earnings per share
960

 
972

 
Basic earnings per share
$
1.09

 
$
1.01

 
Diluted earnings per share
$
1.08

 
$
1.00

 

Diluted earnings per share for the three months ended March 31, 2013 and 2012 exclude the effect of 0.2 and 2.6 million shares of common stock, respectively, that may be issued upon the exercise of employee stock options because such effect would be antidilutive.