v3.25.4
Earnings Per Common Share (EPS) (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Computation of basic and diluted EPS
The computations of basic and diluted EPS for the years ended December 31 were as follows:
TABLE 20.1: COMPUTATION OF BASIC AND DILUTED EARNINGS PER SHARE
(Millions, except per share amounts)
202520242023
Numerator:
Basic and diluted:
Net income
$10,833 $10,129 $8,374 
Preferred dividends(58)(58)(58)
Net income available to common shareholders10,775 10,071 8,316 
Earnings allocated to participating share awards
(74)(76)(64)
Net income attributable to common shareholders
$10,701 $9,995 $8,252 
Denominator:
Basic: Weighted-average common stock
695 712 735 
Add: Weighted-average stock options (a)
1 1 1 
Diluted
696 713 736 
Basic EPS
$15.41 $14.04 $11.23 
Diluted EPS$15.38 $14.01 $11.21 
(a)The dilutive effect of unexercised stock options excludes from the computation of EPS 0.16 million, 0.05 million and 1.38 million of options for the years ended December 31, 2025, 2024 and 2023, respectively, because inclusion of the options would have been anti-dilutive.