EXHIBIT 11
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(UNAUDITED)
|
| For the Three Months Ended |
| ||||
|
| September 30, 2012 |
| September 30, 2011 |
| ||
Number of shares on which basic earnings per share is calculated: |
|
|
|
|
| ||
Weighted-average shares outstanding during period |
| 1,137,210,659 |
| 1,188,597,825 |
| ||
Add — Incremental shares under stock-based compensation plans |
| 9,926,347 |
| 13,524,442 |
| ||
Add — Incremental shares associated with contingently issuable shares |
| 2,161,886 |
| 2,754,037 |
| ||
Number of shares on which diluted earnings per share is calculated |
| 1,149,298,892 |
| 1,204,876,305 |
| ||
|
|
|
|
|
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Net income on which basic earnings per share is calculated (millions) |
| $ | 3,824 |
| $ | 3,839 |
|
|
|
|
|
|
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Less — net income applicable to contingently issuable shares (millions) |
| — |
| — |
| ||
|
|
|
|
|
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Net income on which diluted earnings per share is calculated (millions) |
| $ | 3,824 |
| $ | 3,839 |
|
|
|
|
|
|
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Earnings per share of common stock: |
|
|
|
|
| ||
|
|
|
|
|
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Assuming dilution |
| $ | 3.33 |
| $ | 3.19 |
|
|
|
|
|
|
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Basic |
| $ | 3.36 |
| $ | 3.23 |
|
There were no stock options outstanding as of September 30, 2012 and 2011 that were considered antidilutive and not
included in the earnings per share assuming dilution calculation.
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(UNAUDITED)
|
| For the Nine Months Ended |
| ||||
|
| September 30, 2012 |
| September 30, 2011 |
| ||
Number of shares on which basic earnings per share is calculated: |
|
|
|
|
| ||
Weighted-average shares outstanding during period |
| 1,148,447,527 |
| 1,205,193,081 |
| ||
Add — Incremental shares under stock compensation plans |
| 11,449,689 |
| 14,452,890 |
| ||
Add — Incremental shares associated with contingently issuable shares |
| 1,908,649 |
| 2,472,033 |
| ||
Number of shares on which diluted earnings per share is calculated |
| 1,161,805,865 |
| 1,222,118,004 |
| ||
|
|
|
|
|
| ||
Net income on which basic earnings per share is calculated (millions) |
| $ | 10,771 |
| $ | 10,365 |
|
|
|
|
|
|
| ||
Less — net income applicable to contingently issuable shares (millions) |
| (1 | ) | — |
| ||
|
|
|
|
|
| ||
Net income on which diluted earnings per share is calculated (millions) |
| $ | 10,771 |
| $ | 10,365 |
|
|
|
|
|
|
| ||
Earnings per share of common stock: |
|
|
|
|
| ||
|
|
|
|
|
| ||
Assuming dilution |
| $ | 9.27 |
| $ | 8.48 |
|
|
|
|
|
|
| ||
Basic |
| $ | 9.38 |
| $ | 8.60 |
|
There were no stock options outstanding as of September 30, 2012 and 2011 that were considered antidilutive and not included in the earnings per share assuming dilution calculation.