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Earnings Per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Note 3: Earnings Per Share
| Quarter Ended March 31, |  |
(dollars and shares in millions, except per share amounts) | 2023 |  | 2022 |  |  |  |
Net income attributable to common shareowners: |  |  |  |  |  |  |
Income from continuing operations | $ | 1,426 |  |  | $ | 1,103 |  |  |  |  |
Loss from discontinued operations | — |  |  | (19) |  |  |  |  |
Net income attributable to common shareowners | $ | 1,426 |  |  | $ | 1,084 |  |  |  |  |
Basic weighted average number of shares outstanding | 1,462.2 |  |  | 1,486.8 |  |  |  |  |
Stock awards and equity units (share equivalent) | 12.0 |  |  | 11.1 |  |  |  |  |
Diluted weighted average number of shares outstanding | 1,474.2 |  |  | 1,497.9 |  |  |  |  |
Earnings (Loss) Per Share attributable to common shareowners - Basic: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.98 |  |  | $ | 0.74 |  |  |  |  |
Loss from discontinued operations | — |  |  | (0.01) |  |  |  |  |
Net income attributable to common shareowners | $ | 0.98 |  |  | $ | 0.73 |  |  |  |  |
Earnings (Loss) Per Share attributable to common shareowners - Diluted: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.97 |  |  | $ | 0.74 |  |  |  |  |
Loss from discontinued operations | — |  |  | (0.02) |  |  |  |  |
Net income attributable to common shareowners | $ | 0.97 |  |  | $ | 0.72 |  |  |  |  |
The computation of diluted earnings per share (EPS) excludes the effect of the potential exercise of stock awards, including stock appreciation rights and stock options, when the average market price of the common stock is lower than the exercise price of the related stock awards during the period because the effect would be anti-dilutive. In addition, the computation of diluted EPS excludes the effect of the potential release or exercise of stock awards when the awards’ assumed proceeds exceed the average market price of the common shares during the period. For the quarters ended March 31, 2023 and 2022, the number of stock awards excluded from the computation was 4.1 million and 7.5 million, respectively.

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