Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.7.0.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2017 and 2016 (in millions, except per share amounts):
 
Three Months Ended
March 31,
2017
 
2016
Numerator:
 
 
 
Net income attributable to common shareowners
$
1,158

 
$
1,131

Denominator:
 
 
 
Weighted average shares
869

 
885

Deferred compensation obligations
1

 
1

Vested portion of restricted units
4

 
3

Denominator for basic earnings per share
874

 
889

Effect of dilutive securities:
 
 
 
Restricted units
4

 
4

Stock options
1

 
1

Denominator for diluted earnings per share
879

 
894

Basic earnings per share
$
1.32

 
$
1.27

Diluted earnings per share
$
1.32

 
$
1.27


Diluted earnings per share for the three months ended March 31, 2017 and 2016 excluded the effect of 0.3 and 0.5 million shares of common stock, respectively, that may be issued upon the exercise of employee stock options because such effect would be antidilutive.