v2.4.0.6
DESCRIPTION OF BUSINESS AND ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2012
Schedule of Weighted Average Number of Shares

The following table shows the calculation of diluted shares (in millions):

 

     Year Ended
December 31,		  
     2012      2011      2010  

Shares used in computation of basic earnings per share

      453         453         447   

Total dilutive effect of outstanding stock awards (1)

      —           8         9   
  

 

 

     

 

 

     

 

 

  

Shares used in computation of diluted earnings per share

      453         461         456   
  

 

 

     

 

 

     

 

 

  

 

(1) Calculated using the treasury stock method, which assumes proceeds are used to reduce the dilutive effect of outstanding stock awards. Assumed proceeds include the unrecognized deferred compensation of stock awards, and assumed tax proceeds from excess stock-based compensation deductions.