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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share The following table provides a reconciliation between basic and diluted earnings per share:

Three Months Ended

Six Months Ended

June 30,

June 30,

Millions, Except Per Share Amounts

2020 

2019 

2020 

2019 

Net income

$

1,132 

$

1,570 

$

2,606 

$

2,961 

Weighted-average number of shares outstanding:

Basic

677.7 

705.5 

681.0 

711.2 

Dilutive effect of stock options

0.7 

1.3 

0.8 

1.3 

Dilutive effect of retention shares and units

0.8 

1.2 

0.9 

1.3 

Diluted

679.2 

708.0 

682.7 

713.8 

Earnings per share – basic

$

1.67 

$

2.23 

$

3.83 

$

4.16 

Earnings per share – diluted

$

1.67 

$

2.22 

$

3.82 

$

4.15 

Stock options excluded as their inclusion would be anti-dilutive

1.0 

0.6 

0.8 

0.5