| Computation of basic and diluted earnings/(loss) per share |
The following tables provide the computation of basic and diluted earnings per share of common stock for the three and six months ended June 30, 2025 and 2024. | | | | | | | | | | | | | | | | (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 | |
| | | | | | | | | | | | | | | | (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 | |
|