
	Three months ended March 31
In millions, except per share data	2026		2025
Basic
Net income	$	1,772	$	1,499
Less:
Net income attributable to noncontrolling interests	12		18
Preferred stock dividends	73		71
Preferred stock discount accretion and redemptions	1		2
Net income attributable to common shareholders	1,686		1,408
Less: Dividends and undistributed earnings allocated to nonvested restricted shares	11		9
Net income attributable to basic common shareholders	$	1,675	$	1,399



Basic weighted-average common shares outstanding	405		398
Basic earnings per common share (a)	$	4.13	$	3.52


Diluted
Net income attributable to diluted common shareholders	$	1,675	$	1,399





Diluted weighted-average common shares outstanding	405		398
Diluted earnings per common share (a)	$	4.13	$	3.51

(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).