XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.22.2

Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table sets forth the calculation of basic and diluted earnings per share:
| Basic |  | Diluted
| Second Quarter
| 2022 |  | 2021 |  | 2022 |  | 2021
| ($ in millions, except per share amounts, shares in millions)
Net income | $ | 819 |  |  | $ | 819 |  |  | $ | 819 |  |  | $ | 819 |
Dividend equivalent payments | (1) |  |  | — |  |  | (1) |  |  | — |
Income available to common stockholders | $ | 818 |  |  | $ | 819 |  |  | $ | 818 |  |  | $ | 819 |
Weighted-average shares outstanding | 236.7 |  |  | 248.9 |  |  | 236.7 |  |  | 248.9 |
Dilutive effect of outstanding options and share-settled awards |  |  |  |  | 0.8 |  |  | 1.1 |
Adjusted weighted-average shares outstanding |  |  |  |  | 237.5 |  |  | 250.0 |
Earnings per share | $ | 3.46 |  |  | $ | 3.29 |  |  | $ | 3.45 |  |  | $ | 3.28 |
| Basic |  | Diluted
| First Six Months
| 2022 |  | 2021 |  | 2022 |  | 2021
| ($ in millions, except per share amounts, shares in millions)
Net income | $ | 1,522 |  |  | $ | 1,492 |  |  | $ | 1,522 |  |  | $ | 1,492 |
Dividend equivalent payments | (1) |  |  | (1) |  |  | (1) |  |  | — |
Income available to common stockholders | $ | 1,521 |  |  | $ | 1,491 |  |  | $ | 1,521 |  |  | $ | 1,492 |
Weighted-average shares outstanding | 238.0 |  |  | 250.1 |  |  | 238.0 |  |  | 250.1 |
Dilutive effect of outstanding options and share-settled awards |  |  |  |  | 0.9 |  |  | 1.2 |
Adjusted weighted-average shares outstanding |  |  |  |  | 238.9 |  |  | 251.3 |
Earnings per share | $ | 6.39 |  |  | $ | 5.96 |  |  | $ | 6.37 |  |  | $ | 5.94 |
During the second quarters and first six months of 2022 and 2021, dividend equivalent payments were made to certain holders of stock options and RSUs. For purposes of computing basic earnings per share, dividend equivalent payments made to holders of stock options and RSUs were deducted from net income to determine income available to common stockholders. For purposes of computing diluted earnings per share, we evaluate on a grant-by-grant basis those stock options and RSUs receiving dividend equivalent payments under the two-class and treasury stock methods to determine which method is more dilutive for each grant. For those grants for which the two-class method was more dilutive, net income was reduced by dividend equivalent payments to determine income available to common stockholders. The dilution calculations exclude options having exercise prices exceeding the average market price of Common Stock as follows: 0.1 million in the second quarter and first six months ended June 30, 2022 and none in the second quarter and first six months ended June 30, 2021.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration