| EARNINGS PER SHARE The table below illustrates the reconciliation of the earnings and number of shares used in our calculations of basic and diluted earnings per share, the latter of which uses the treasury stock method to calculate the dilutive effect of the Company’s potential common stock: | | | | | | | | | | | | | | | | | | | (in millions, except per share amounts) | 2025 | | 2024 | | 2023 | | Computation of Basic Earnings Per Share | | | | | | | Net income | $ | 2,601 | | | $ | 2,375 | | | $ | 3,083 | | | Shares for basic earnings per share | 272.9 | | | 284.2 | | | 301.5 | | | Basic earnings per share | $ | 9.53 | | | $ | 8.36 | | | $ | 10.23 | | | Computation of Diluted Earnings Per Share | | | | | | | Net income | $ | 2,601 | | | $ | 2,375 | | | $ | 3,083 | | | Shares for basic earnings per share | 272.9 | | | 284.2 | | | 301.5 | | | Effect of dilutive securities | | | | | | | Stock-based compensation | 0.7 | | | 1.0 | | | 1.4 | | | Shares for diluted earnings per share | 273.6 | | | 285.2 | | | 302.9 | | Diluted earnings per share | $ | 9.51 | | | $ | 8.33 | | | $ | 10.18 | |
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