
(Dollars in millions except per share amounts)
For the three months ended June 30:	2025		2024
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	930,807,276		920,287,541
Add — Incremental shares under stock-based compensation plans	14,690,010		11,883,820
Add — Incremental shares associated with contingently issuable shares	2,464,631		2,226,234
Number of shares on which diluted earnings per share is calculated	947,961,917		934,397,595

Income from continuing operations	$	2,193	$	1,830
Income from discontinued operations, net of tax	1		4
Net income on which basic and dilutive earnings per share is calculated	$	2,194	$	1,834

Earnings per share of common stock:
Assuming dilution
Continuing operations	$	2.31	$	1.96
Discontinued operations	0.00		0.00
Total	$	2.31	$	1.96
Basic
Continuing operations	$	2.36	$	1.99
Discontinued operations	0.00		0.00
Total	$	2.36	$	1.99

Stock options to purchase 1,852,037 shares and 2,985,594 shares were outstanding as of June 30, 2025 and 2024, respectively, but were not included in the computation of diluted earnings per share because the exercise price of the options during the respective period was greater than the average market price of the common shares, and therefore, the effect would have been antidilutive.


(Dollars in millions except per share amounts)
For the six months ended June 30:	2025		2024
Number of shares on which basic earnings per share is calculated:
Weighted-average shares outstanding during period	929,407,000		918,733,160
Add — Incremental shares under stock-based compensation plans	14,955,436		13,070,105
Add — Incremental shares associated with contingently issuable shares	2,302,637		2,111,189
Number of shares on which diluted earnings per share is calculated	946,665,073		933,914,454

Income from continuing operations	$	3,248	$	3,405
Income/(loss) from discontinued operations, net of tax	1		34
Net income on which basic and dilutive earnings per share is calculated	$	3,249	$	3,439

Earnings/(loss) per share of common stock:
Assuming dilution
Continuing operations	$	3.43	$	3.65
Discontinued operations	0.00		0.04
Total	$	3.43	$	3.68
Basic
Continuing operations	$	3.49	$	3.71
Discontinued operations	0.00		0.04
Total	$	3.50	$	3.74

Stock options to purchase 1,855,810 shares and 1,523,477 shares (average of first and second quarter share amounts) were outstanding as of June 30, 2025 and 2024, respectively, but were not included in the computation of diluted earnings per share because the exercise price of the options during the respective period was greater than the average market price of the common shares, and therefore, the effect would have been antidilutive.