|
(for the year ended December 31, in millions, except per share amounts) |
2013 | 2012 | 2011 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Basic |
||||||||||
|
Net income, as reported |
$ | 3,673 | $ | 2,473 | $ | 1,426 | ||||
|
Participating share-based awards—allocated income |
(27 | ) | (19 | ) | (11 | ) | ||||
|
Preferred stock dividends |
— | — | (1 | ) | ||||||
|
Net income available to common shareholders—basic |
$ | 3,646 | $ | 2,454 | $ | 1,414 | ||||
|
Diluted |
||||||||||
|
Net income available to common shareholders |
$ | 3,646 | $ | 2,454 | $ | 1,414 | ||||
|
Effect of dilutive securities: |
||||||||||
|
Convertible preferred stock |
— | — | 1 | |||||||
|
Net income available to common shareholders—diluted |
$ | 3,646 | $ | 2,454 | $ | 1,415 | ||||
|
Common Shares |
||||||||||
|
Basic |
||||||||||
|
Weighted average shares outstanding |
370.3 | 386.2 | 415.8 | |||||||
|
Diluted |
||||||||||
|
Weighted average shares outstanding |
370.3 | 386.2 | 415.8 | |||||||
|
Weighted average effects of dilutive securities: |
||||||||||
|
Stock options and performance shares |
4.0 | 3.6 | 4.0 | |||||||
|
Convertible preferred stock |
— | — | 0.7 | |||||||
|
Total |
374.3 | 389.8 | 420.5 | |||||||
|
Net income Per Common Share |
||||||||||
|
Basic |
$ | 9.84 | $ | 6.35 | $ | 3.40 | ||||
|
Diluted |
$ | 9.74 | $ | 6.30 | $ | 3.36 | ||||