| Computation of Basic and Diluted Earnings Per Share |
Basic and diluted earnings per share were computed as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | | | | June 30, 2026 | | June 30, 2025 | | | | (Shares in thousands, dollars in millions, except per share amounts) | Basic | | Effect of Dilution | | Diluted | | Basic | | Effect of Dilution | | Diluted | | | | | | | | Shareholders' net income | $ | 1,660 | | | | | $ | 1,660 | | | $ | 1,532 | | | | | $ | 1,532 | | | | | | | | | Shares: | | | | | | | | | | | | | | | | | | | Weighted average | 262,986 | | | | | 262,986 | | | 266,181 | | | | | 266,181 | | | | | | | | | Common stock equivalents | | | 976 | | | 976 | | | | | 1,973 | | | 1,973 | | | | | | | | | Total shares | 262,986 | | | 976 | | | 263,962 | | | 266,181 | | | 1,973 | | | 268,154 | | | | | | | | | Earnings per share | $ | 6.31 | | | $ | (0.02) | | | $ | 6.29 | | | $ | 5.76 | | | $ | (0.05) | | | $ | 5.71 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | | | | | | | June 30, 2026 | | June 30, 2025 | | | | | | | | | | | | | | | | (Shares in thousands, dollars in millions, except per share amounts) | Basic | | Effect of Dilution | | Diluted | | Basic | | Effect of Dilution | | Diluted | | | | | | | Shareholders' net income | $ | 3,314 | | | | | $ | 3,314 | | | $ | 2,855 | | | | | $ | 2,855 | | | | | | | | | Shares: | | | | | | | | | | | | | | | | | | | Weighted average | 262,867 | | | | | 262,867 | | | 268,511 | | | | | 268,511 | | | | | | | | | Common stock equivalents | | | 1,123 | | | 1,123 | | | | | 2,029 | | | 2,029 | | | | | | | | | Total shares | 262,867 | | | 1,123 | | | 263,990 | | | 268,511 | | | 2,029 | | | 270,540 | | | | | | | | | Earnings per share | $ | 12.61 | | | $ | (0.06) | | | $ | 12.55 | | | $ | 10.63 | | | $ | (0.08) | | | $ | 10.55 | | | | | | | |
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