Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2015 and 2014 (in millions, except per share amounts):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net income attributable to common shareowners
$
1,230

 
$
454

 
$
2,256

 
$
1,365

Denominator:
 
 
 
 
 
 
 
Weighted average shares
899

 
916

 
901

 
918

Deferred compensation obligations
1

 
1

 
1

 
1

Vested portion of restricted units
1

 
1

 
1

 
1

Denominator for basic earnings per share
901

 
918

 
903

 
920

Effect of dilutive securities:
 
 
 
 
 
 
 
Restricted units
6

 
8

 
7

 
8

Stock options
1

 
1

 
1

 
1

Denominator for diluted earnings per share
908

 
927

 
911

 
929

Basic earnings per share
$
1.37

 
$
0.49

 
$
2.50

 
$
1.48

Diluted earnings per share
$
1.35

 
$
0.49

 
$
2.48

 
$
1.47


Diluted earnings per share for the three months ended June 30, 2015 and 2014 excluded the effect of 0.2 and 0.1 million shares of common stock, respectively (0.2 and 0.1 million for the six months ended June 30, 2015 and 2014, respectively), that may be issued upon the exercise of employee stock options because such effect would be antidilutive.