v3.25.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
Note 6 – Earnings Per Share
Basic and diluted earnings per share were computed as follows:
Three Months Ended
September 30, 2025September 30, 2024
(Shares in thousands, dollars in millions, except per share amounts)BasicEffect of
Dilution		DilutedBasicEffect of
Dilution		Diluted
Shareholders' net income$1,868 $1,868 $739 $739 
Shares:
Weighted average265,913 265,913 278,457 278,457 
Common stock equivalents1,617 1,617 2,939 2,939 
Total shares265,913 1,617 267,530 278,457 2,939 281,396 
Earnings per share$7.02 $(0.04)$6.98 $2.65 $(0.02)$2.63 
Nine Months Ended
September 30, 2025September 30, 2024
(Shares in thousands, dollars in millions, except per share amounts)BasicEffect of
Dilution		DilutedBasicEffect of
Dilution		Diluted
Shareholders' net income
$4,723 $4,723 $2,010 $2,010 
Shares:
Weighted average267,635 267,635 282,005 282,005 
Common stock equivalents1,892 1,892 3,037 3,037 
Total shares267,635 1,892 269,527 282,005 3,037 285,042 
Earnings per share$17.65 $(0.13)$17.52 $7.13 $(0.08)$7.05 
The following outstanding employee stock options were not included in the computation of diluted earnings per share because their effect was anti-dilutive:
Three Months Ended September 30,Nine Months Ended September 30,
(In millions)2025202420252024
Anti-dilutive options2.1 0.8 1.9 1.0 
The Company held approximately 137.4 million shares of common stock in treasury as of September 30, 2025, 128.7 million shares as of December 31, 2024 and 122.5 million shares as of September 30, 2024.