Basic earnings per common share (EPS) is calculated by dividing net earnings to common by the weighted average number of common shares outstanding and RSUs for which the delivery of the underlying common stock is not subject to satisfaction of future service, performance or market conditions (collectively, basic shares). Diluted EPS includes the determinants of basic EPS and, in addition, reflects the dilutive effect of the common stock deliverable for RSUs for which the delivery of the underlying common stock is subject to satisfaction of future service, performance or market conditions, and the dilutive effect of instruments that are convertible into common shares.



	Three Months Ended March
in millions, except per share amounts	2026		2025
Net earnings to common	$	5,403	$	4,583
Net earnings attributable to convertible instruments	1		–
Net earnings to common for diluted EPS	$	5,404	$	4,583

Weighted average basic shares	303.8		320.8
Dilutive effect of RSUs	3.8		3.7
Dilutive effect of convertible instruments	0.4		–
Weighted average diluted shares	308.0		324.5

Basic EPS	$	17.74	$	14.25
Diluted EPS	$	17.55	$	14.12

•Net earnings to common represents net earnings applicable to common shareholders, which is calculated as net earnings less preferred stock dividends.

•Unvested share-based awards that have non-forfeitable rights to dividends or dividend equivalents are treated as a separate class of securities under the two-class method. Distributed earnings allocated to these securities reduce net earnings to common to calculate EPS under this method. The impact of applying this methodology was a reduction in basic EPS of $0.04 for both the three months ended March 2026 and March 2025.

•Diluted EPS includes the effect of instruments that are convertible into common shares if such conversion would be dilutive. The inclusion of these convertible instruments reduced diluted EPS by $0.02 for the three months ended March 2026.