| | | | | | | | | | | | | | | | | | | | | | Computations of profit per share: | | | | | | | | (Dollars in millions except per share data) | | 2025 | | 2024 | | 2023 | Profit for the period (A) 1 | | $ | 8,884 | | | $ | 10,792 | | | $ | 10,335 | | | Determination of shares (in millions): | | | | | | | | Weighted average number of common shares outstanding (B) | | 470.0 | | | 486.7 | | | 510.6 | | | Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price | | 2.3 | | | 2.7 | | | 3.0 | | Average common shares outstanding for fully diluted computation (C) 2 | | 472.3 | | | 489.4 | | | 513.6 | | | Profit per share of common stock: | | | | | | | | Assuming no dilution (A/B) | | $ | 18.90 | | | $ | 22.17 | | | $ | 20.24 | | Assuming full dilution (A/C) 2 | | $ | 18.81 | | | $ | 22.05 | | | $ | 20.12 | | | Shares outstanding as of December 31, (in millions) | | 465.3 | | | 477.9 | | | 499.4 | |
1Profit attributable to common shareholders. 2Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.
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