Basic earnings per common share (EPS) is calculated by dividing net earnings to common, less net earnings attributable to participating securities, by the weighted average number of common shares outstanding and common shares deliverable for RSUs that are not, in either case, subject to satisfaction of future service, performance or market conditions (collectively, basic shares). Diluted EPS includes the determinants of basic EPS and reflects the dilutive effect of common shares deliverable for RSUs and other share-based arrangements that are subject to satisfaction of certain conditions, and the dilutive effect of instruments that are convertible into common shares (collectively, dilutive instruments).



	Three Months Ended June				Six Months Ended June
in millions, except per share amounts	2026		2025		2026		2025
Net earnings to common	$	6,399	$	3,473	$	11,802	$	8,056
Net earnings to participating securities	(17)		(12)		(32)		(24)
Impact of dilutive instruments	16		12		32		24
Net earnings to common for diluted EPS	$	6,398	$	3,473	$	11,802	$	8,056

Weighted average basic shares	300.1		313.7		301.9		317.2
Dilutive effect of RSUs	4.4		4.6		4.2		4.2
Dilutive effect of convertible instruments	0.4		–		0.4		–
Weighted average diluted shares	304.9		318.3		306.5		321.4

Basic EPS	$	21.27	$	11.03	$	38.99	$	25.32
Diluted EPS	$	20.98	$	10.91	$	38.51	$	25.07

•Net earnings to common represents net earnings applicable to common shareholders, which is calculated as net earnings less preferred stock dividends.

•Net earnings to participating securities represents net earnings attributed to unvested share-based awards and other share-based arrangements that have non-forfeitable rights to dividends or dividend equivalents. These securities are each treated as a separate class of securities under the two-class method, and net earnings attributed to such securities are deducted from net earnings to common in calculating basic EPS.

•Impact of dilutive instruments represents net earnings attributable to instruments that have a dilutive effect on the EPS calculation. For RSUs and certain other share-based arrangements, diluted EPS is calculated under both the two-class and treasury stock methods, and for each, the more dilutive amount is reported. For each of the periods presented, substantially all RSUs were more dilutive under the treasury stock method, and for both the three and six months ended June 2026, certain other share-based arrangements were more dilutive under the two-class method. For convertible instruments, diluted EPS is calculated using the if-converted method if dilutive. For both the three and six months ended June 2026, the if-converted method was dilutive.