Earnings Per Share

9 Months Ended

Sep. 30, 2024

Note 4: Earnings Per Share


	Quarter Ended September 30,				Nine Months Ended September 30,
(dollars and shares in millions, except per share amounts)	2024		2023		2024		2023



Net income (loss) attributable to common shareowners	$	1,472	$	(984)	$	3,292	$	1,769
Basic weighted average number of shares outstanding	1,333.2		1,448.1		1,331.4		1,455.7
Stock awards and equity units (share equivalent)	13.0		—		10.4		10.2
Diluted weighted average number of shares outstanding	1,346.2		1,448.1		1,341.8		1,465.9
Earnings (Loss) Per Share attributable to common shareowners:


Basic	$	1.10	$	(0.68)	$	2.47	$	1.22



Diluted	1.09		(0.68)		2.45		1.21

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. There were no stock awards excluded from the computation for the quarter ended September 30, 2024, and the number of stock awards excluded from the nine months ended September 30, 2024 was 6.4 million. For the quarter and nine months ended September 30, 2023, the number of stock awards excluded from the computation was 20.5 million and 7.0 million, respectively. All outstanding stock awards are excluded in the computation of diluted EPS in the quarter ended September 30, 2023 because their effect was antidilutive due to the loss from continuing operations.