v2.3.0.11
Earnings Per Share
6 Months Ended
Jun. 30, 2011
Earnings Per Share Disclosure [Abstract]  
Earnings Per Share [Text Block]

8. Earnings Per Share

 

The following table provides a reconciliation between basic and diluted earnings per share:

 

 Three Months Ended Six Months Ended
  June 30, June 30,
Millions, Except Per Share Amounts20112010 20112010
Net income $ 785$ 711 $ 1,424$ 1,227
Weighted-average number of shares outstanding:          
Basic  488.4 501.8  489.0 503.1
Dilutive effect of stock options  1.4 3.4  1.4 3.2
Dilutive effect of retention shares and units  2.6 1.3  2.9 1.3
Diluted  492.4 506.5  493.3 507.6
Earnings per share – basic $ 1.61$ 1.42 $ 2.91$ 2.44
Earnings per share – diluted $ 1.59$ 1.40 $ 2.89$ 2.42
Stock options excluded as their inclusion would be antidilutive 0.6 0.8  0.5 0.7