Earnings Per Share

12 Months Ended

Dec. 31, 2020

Basic and diluted earnings (loss) per share are computed by dividing Net income attributable to common stockholders by the weighted-average common shares outstanding in the period. Diluted earnings (loss) per share is computed by giving effect to all potentially dilutive securities that are outstanding.


	Years Ended December 31,
	2020		2019		2018
Basic earnings per share
Income from continuing operations	$	6,427	$	6,732	$	8,084
Less: cumulative dividends on subsidiary preferred stock	(180)		(151)		(98)
Income from continuing operations attributable to common stockholders	6,247		6,581		7,986
Loss from discontinued operations, net of tax	—		—		70
Net income attributable to common stockholders	$	6,247	$	6,581	$	7,916

Weighted-average common shares outstanding	1,433		1,424		1,411

Basic earnings per common share – continuing operations	$	4.36	$	4.62	$	5.66
Basic loss per common share – discontinued operations	$	—	$	—	$	0.05
Basic earnings per common share	$	4.36	$	4.62	$	5.61
Diluted earnings per share
Income from continuing operations attributable to common stockholders – diluted	$	6,247	$	6,581	$	7,986
Loss from discontinued operations, net of tax – diluted	$	—	$	—	$	70
Net income attributable to common stockholders – diluted	$	6,247	$	6,581	$	7,916

Weighted-average common shares outstanding – basic	1,433		1,424		1,411
Dilutive effect of warrants and awards under stock incentive plans	9		15		20
Weighted-average common shares outstanding – diluted	1,442		1,439		1,431

Diluted earnings per common share – continuing operations	$	4.33	$	4.57	$	5.58
Diluted loss per common share – discontinued operations	$	—	$	—	$	0.05
Diluted earnings per common share	$	4.33	$	4.57	$	5.53

Potentially dilutive securities(a)	7		7		9

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(a) Potentially dilutive securities attributable to outstanding stock options and RSUs were excluded from the computation of diluted EPS because the securities would have had an antidilutive effect.