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Earnings Per Share of Common Stock | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share of Common Stock | Earnings Per Share of Common Stock: The following tables provide the computation of basic and diluted earnings per share of common stock for the three and six months ended June 30, 2025 and 2024.
(Dollars in millions except per share amounts) |  |  |  |
For the three months ended June 30: |  | 2025 |  | 2024
Number of shares on which basic earnings per share is calculated: |  |  |  |
Weighted-average shares outstanding during period |  | 930,807,276 |  | 920,287,541
Add — Incremental shares under stock-based compensation plans |  | 14,690,010 |  | 11,883,820
Add — Incremental shares associated with contingently issuable shares |  | 2,464,631 |  | 2,226,234
Number of shares on which diluted earnings per share is calculated |  | 947,961,917 |  | 934,397,595
Income from continuing operations |  | $ | 2,193 |  |  | $ | 1,830 |
Income from discontinued operations, net of tax |  | 1 |  |  | 4 |
Net income on which basic and dilutive earnings per share is calculated |  | $ | 2,194 |  |  | $ | 1,834 |
Earnings per share of common stock: |  |  |  |
Assuming dilution |  |  |  |
Continuing operations |  | $ | 2.31 |  |  | $ | 1.96 |
Discontinued operations |  | 0.00 |  |  | 0.00 |
Total |  | $ | 2.31 |  |  | $ | 1.96 |
Basic |  |  |  |
Continuing operations |  | $ | 2.36 |  |  | $ | 1.99 |
Discontinued operations |  | 0.00 |  |  | 0.00 |
Total |  | $ | 2.36 |  |  | $ | 1.99 |
Stock options to purchase 1,852,037 shares and 2,985,594 shares were outstanding as of June 30, 2025 and 2024, respectively, but were not included in the computation of diluted earnings per share because the exercise price of the options during the respective period was greater than the average market price of the common shares, and therefore, the effect would have been antidilutive.
(Dollars in millions except per share amounts) |  |
For the six months ended June 30: |  | 2025 |  | 2024
Number of shares on which basic earnings per share is calculated: |  |  |  |
Weighted-average shares outstanding during period |  | 929,407,000 |  | 918,733,160
Add — Incremental shares under stock-based compensation plans |  | 14,955,436 |  | 13,070,105
Add — Incremental shares associated with contingently issuable shares |  | 2,302,637 |  | 2,111,189
Number of shares on which diluted earnings per share is calculated |  | 946,665,073 |  | 933,914,454
Income from continuing operations |  | $ | 3,248 |  |  | $ | 3,405 |
Income/(loss) from discontinued operations, net of tax |  | 1 |  |  | 34 |
Net income on which basic and dilutive earnings per share is calculated |  | $ | 3,249 |  |  | $ | 3,439 |
Earnings/(loss) per share of common stock: |  |  |  |
Assuming dilution |  |  |  |
Continuing operations |  | $ | 3.43 |  |  | $ | 3.65 |
Discontinued operations |  | 0.00 |  |  | 0.04 |
Total |  | $ | 3.43 |  |  | $ | 3.68 |
Basic |  |  |  |
Continuing operations |  | $ | 3.49 |  |  | $ | 3.71 |
Discontinued operations |  | 0.00 |  |  | 0.04 |
Total |  | $ | 3.50 |  |  | $ | 3.74 |
Stock options to purchase 1,855,810 shares and 1,523,477 shares (average of first and second quarter share amounts) were outstanding as of June 30, 2025 and 2024, respectively, but were not included in the computation of diluted earnings per share because the exercise price of the options during the respective period was greater than the average market price of the common shares, and therefore, the effect would have been antidilutive.

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