| Computation of basic and diluted earnings per share |
| | | | | | | (Dollars in millions except per share amounts) | | | | | | | For the three months ended June 30: | | 2021 | | 2020 | Number of shares on which basic earnings per share is calculated: | | | | | | | Weighted-average shares outstanding during period | | | 895,043,024 | | | 889,435,166 | Add — Incremental shares under stock-based compensation plans | | | 7,431,661 | | | 4,290,365 | Add — Incremental shares associated with contingently issuable shares | | | 1,758,754 | | | 1,213,549 | Number of shares on which diluted earnings per share is calculated | | | 904,233,439 | | | 894,939,080 | | | | | | | | Income from continuing operations | | $ | 1,325 | | $ | 1,362 | Income/(loss) from discontinued operations, net of tax | | | — | | | (1) | Net income on which basic earnings per share is calculated | | $ | 1,325 | | $ | 1,361 | | | | | | | | Income from continuing operations | | $ | 1,325 | | $ | 1,362 | Net income applicable to contingently issuable shares | | | — | | | — | Income from continuing operations on which diluted earnings per share is calculated | | $ | 1,325 | | $ | 1,362 | Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated | | | — | | | (1) | Net income on which diluted earnings per share is calculated | | $ | 1,325 | | $ | 1,361 | | | | | | | | Earnings/(loss) per share of common stock: | | | | | | | Assuming dilution | | | | | | | Continuing operations | | $ | 1.47 | | $ | 1.52 | Discontinued operations | | | — | | | 0.00 | Total | | $ | 1.47 | | $ | 1.52 | Basic | | | | | | | Continuing operations | | $ | 1.48 | | $ | 1.53 | Discontinued operations | | | — | | | 0.00 | Total | | $ | 1.48 | | $ | 1.53 |
| | | | | | | (Dollars in millions except per share amounts) | | | For the six months ended June 30: | | 2021 | | 2020 | Number of shares on which basic earnings per share is calculated: | | | | | | | Weighted-average shares outstanding during period | | | 894,336,970 | | | 888,702,256 | Add — Incremental shares under stock-based compensation plans | | | 7,027,051 | | | 5,015,390 | Add — Incremental shares associated with contingently issuable shares | | | 1,625,732 | | | 1,271,513 | Number of shares on which diluted earnings per share is calculated | | | 902,989,752 | | | 894,989,159 | | | | | | | | Income from continuing operations | | $ | 2,281 | | $ | 2,538 | Income/(loss) from discontinued operations, net of tax | | | (1) | | | (2) | Net income on which basic earnings per share is calculated | | $ | 2,280 | | $ | 2,536 | | | | | | | | Income from continuing operations | | $ | 2,281 | | $ | 2,538 | Net income applicable to contingently issuable shares | | | — | | | (2) | Income from continuing operations on which diluted earnings per share is calculated | | $ | 2,281 | | $ | 2,536 | Income/(loss) from discontinued operations, net of tax, on which basic and diluted earnings per share is calculated | | | (1) | | | (2) | Net income on which diluted earnings per share is calculated | | $ | 2,280 | | $ | 2,534 | | | | | | | | Earnings/(loss) per share of common stock: | | | | | | | Assuming dilution | | | | | | | Continuing operations | | $ | 2.52 | | $ | 2.83 | Discontinued operations | | | 0.00 | | | 0.00 | Total | | $ | 2.52 | | $ | 2.83 | Basic | | | | | | | Continuing operations | | $ | 2.55 | | $ | 2.85 | Discontinued operations | | | 0.00 | | | 0.00 | Total | | $ | 2.55 | | $ | 2.85 |
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