| Earnings Per Share [Text Block] |
NOTE 2. EARNINGS PER SHARE A reconciliation of the numerators and denominators of basic and diluted earnings per share for the three months and six months ended June 30, 2020 and 2019, is shown in the table below. | Three months ended | | Six months ended | | June 30, | | June 30, | | 2020 | | 2019 | | 2020 | | 2019 | Numerators | | | | | | | | | | | | Numerator for basic earnings per share: | | | | | | | | | | | | Net Income | $ | 1,563 | | $ | 3,974 | | $ | 6,526 | | $ | 8,322 | Less: Net income attributable to noncontrolling interest | | (282) | | | (261) | | | (635) | | | (513) | Net Income attributable to AT&T | | 1,281 | | | 3,713 | | | 5,891 | | | 7,809 | Less: Preferred stock dividends | | (52) | | | - | | | (84) | | | - | Net income attributable to common stock | | 1,229 | | | 3,713 | | | 5,807 | | | 7,809 | Dilutive potential common shares: | | | | | | | | | | | | Share-based payment | | 5 | | | 4 | | | 11 | | | 10 | Numerator for diluted earnings per share | $ | 1,234 | | $ | 3,717 | | $ | 5,818 | | $ | 7,819 | Denominators (000,000) | | | | | | | | | | | | Denominator for basic earnings per share: | | | | | | | | | | | | Weighted average number of common shares outstanding | | 7,145 | | | 7,323 | | | 7,166 | | | 7,318 | Dilutive potential common shares: | | | | | | | | | | | | Share-based payment (in shares) | | 25 | | | 30 | | | 26 | | | 29 | Denominator for diluted earnings per share | | 7,170 | | | 7,353 | | | 7,192 | | | 7,347 | Basic earnings per share attributable to Common Stock | $ | 0.17 | | $ | 0.51 | | $ | 0.81 | | $ | 1.06 | Diluted earnings per share attributable to Common Stock | $ | 0.17 | | $ | 0.51 | | $ | 0.81 | | $ | 1.06 |
In the first quarter of 2020, we completed an accelerated share repurchase agreement with a third-party financial institution to repurchase AT&T common stock. Under the terms of the agreement, we paid the financial institution $4,000 and received 104.8 million shares.
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