beatandraise : SEC Filings Research with AI

1.0.0.3 false EARNINGS PER SHARE false 1 $ false false iso4217_USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 iso4217_USD_per_shares Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares 0 shares Standard http://www.xbrl.org/2003/instance shares 0 5 EARNINGS PER SHARE 3 us-gaap_EarningsPerShareTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <div> NOTE 2    EARNINGS PER SHARE Basic earnings per share is computed on the basis of the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options, stock awards, and shared performance stock awards. The components of basic and diluted earnings per share are as follows:   <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="72%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom">(In millions, except earnings per share)</td> <td valign="bottom">  </td> <td valign="bottom" colspan="6" align="right">Three Months Ended December 31,</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="6" align="right">Six Months Ended December 31,</td> <td valign="bottom"> </td> </tr> <tr> <td valign="bottom" colspan="16"> <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="1" width="0" noshade="noshade" /></td> </tr> <tr> <td height="5"></td> <td height="5" colspan="4"></td> <td height="5" colspan="4"></td> <td height="5" colspan="4"></td> <td height="5" colspan="4"></td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="right">2009</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="right">2008</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="right">2009</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="right">2008</td> <td valign="bottom"> </td> </tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td> <td height="8" colspan="4"></td> <td height="8" colspan="4"></td> <td height="8" colspan="4"></td> </tr> <tr bgcolor="#E5E5E5"> <td valign="top"> Net income available for common shareholders (A) </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">  6,662</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">  4,174</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">  10,236</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">  8,547</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr> <td height="8"></td> <td height="8" colspan="4"></td> <td height="8" colspan="4"></td> <td height="8" colspan="4"></td> <td height="8" colspan="4"></td> </tr> <tr> <td valign="top"> Weighted average shares of common stock outstanding (B) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,856</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,903</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,885</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,994</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr bgcolor="#E5E5E5"> <td valign="top"> Dilutive effect of stock-based awards </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">95</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">11</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">90</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">58</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" colspan="4"> <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="1" width="0" noshade="noshade" /></td> <td valign="bottom"> </td> <td valign="bottom"> <hr style="COLOR: #000000" align="right" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="1" width="0" noshade="noshade" /></td> <td valign="bottom"> </td> <td valign="bottom"> <hr style="COLOR: #000000" align="right" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="1" width="0" noshade="noshade" /></td> <td valign="bottom"> </td> <td valign="bottom"> <hr style="COLOR: #000000" align="right" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="1" width="0" noshade="noshade" /></td> </tr> <tr bgcolor="#E5E5E5"> <td valign="top"> Common stock and common stock equivalents (C) </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,951</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,914</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,975</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">9,052</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom"> <hr style="COLOR: #595959" align="right" size="3" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #595959" size="3" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="3" width="0" noshade="noshade" /></td> <td valign="bottom"> </td> <td valign="bottom"> <hr style="COLOR: #595959" align="right" size="3" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #595959" size="3" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="3" width="0" noshade="noshade" /></td> <td valign="bottom"> </td> <td valign="bottom"> <hr style="COLOR: #595959" align="right" size="3" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #595959" size="3" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="3" width="0" noshade="noshade" /></td> <td valign="bottom"> </td> <td valign="bottom"> <hr style="COLOR: #595959" align="right" size="3" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #595959" size="3" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="3" width="0" noshade="noshade" /></td> </tr> <tr bgcolor="#E5E5E5"> <td valign="top"> Earnings per share: </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr> <td valign="top"> Basic (A/B) </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0.75</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0.47</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1.15</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0.95</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr bgcolor="#E5E5E5"> <td valign="top"> Diluted (A/C) </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0.74</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0.47</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1.14</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">0.94</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" colspan="16"> <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="1" width="0" noshade="noshade" /></td> </tr> </table> We excluded the following shares underlying stock-based awards from the calculations of diluted earnings per share because their inclusion would have been anti-dilutive:   <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="80%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> </tr> <tr> <td valign="bottom">(In millions)</td> <td valign="bottom">  </td> <td valign="bottom" colspan="4" align="right">Three Months Ended December 31,</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="4" align="right">Six Months Ended December 31,</td> <td valign="bottom"> </td> </tr> <tr> <td valign="bottom" colspan="12"> <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="1" width="0" noshade="noshade" /></td> </tr> <tr> <td height="5"></td> <td height="5" colspan="3"></td> <td height="5" colspan="3"></td> <td height="5" colspan="3"></td> <td height="5" colspan="3"></td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom">  </td> <td valign="bottom" align="right">2009</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2008</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2009</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">2008</td> <td valign="bottom"> </td> </tr> <tr> <td height="8"></td> <td height="8" colspan="3"></td> <td height="8" colspan="3"></td> <td height="8" colspan="3"></td> <td height="8" colspan="3"></td> </tr> <tr bgcolor="#E5E5E5"> <td valign="top"> Shares excluded from calculations of diluted EPS </td> <td valign="bottom">  </td> <td valign="bottom" align="right">  101</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">  517</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">  155</td> <td valign="bottom" nowrap="nowrap">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">  326</td> <td valign="bottom" nowrap="nowrap">  </td> </tr> <tr> <td valign="bottom" colspan="12"> <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom"> <hr style="COLOR: #ffffff" align="left" size="1" width="0" noshade="noshade" /></td> </tr> </table> </div> NOTE 2    EARNINGS PER SHARE Basic earnings per share is computed on the basis of the weighted average number of shares of common stock false false No definition available. No authoritative reference available. false false 1 1 false UnKnown UnKnown UnKnown false true