Table 67: Basic and Diluted Earnings Per Common Share


	Three months ended June 30				Six months ended June 30
In millions, except per share data	2025		2024		2025		2024
Basic
Net income	$	1,643	$	1,477	$	3,142	$	2,821
Less:
Net income attributable to noncontrolling interests	16		18		34		32
Preferred stock dividends	83		95		154		176
Preferred stock discount accretion and redemptions	2		2		4		4
Net income attributable to common shareholders	1,542		1,362		2,950		2,609
Less: Dividends and undistributed earnings allocated to nonvested restricted shares	10		7		19		14
Net income attributable to basic common shareholders	$	1,532	$	1,355	$	2,931	$	2,595



Basic weighted-average common shares outstanding	397		400		398		400
Basic earnings per common share (a)	$	3.86	$	3.39	$	7.37	$	6.49


Diluted
Net income attributable to diluted common shareholders	$	1,532	$	1,355	$	2,931	$	2,595





Diluted weighted-average common shares outstanding	397		400		398		400
Diluted earnings per common share (a)	$	3.85	$	3.39	$	7.37	$	6.48

(a)Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares and restricted share units with nonforfeitable dividends and dividend rights (participating securities).