Computations of profit per share: | ||||||||||||
(Dollars in millions except per share data) | 2013 | 2012 | 2011 | |||||||||
Profit for the period (A) 1 | $ | 3,789 | $ | 5,681 | $ | 4,928 | ||||||
Determination of shares (in millions): | ||||||||||||
Weighted average number of common shares outstanding (B) | 645.2 | 652.6 | 645.0 | |||||||||
Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price | 13.4 | 17.0 | 21.1 | |||||||||
Average common shares outstanding for fully diluted computation (C) 2 | 658.6 | 669.6 | 666.1 | |||||||||
Profit per share of common stock: | ||||||||||||
Assuming no dilution (A/B) | $ | 5.87 | $ | 8.71 | $ | 7.64 | ||||||
Assuming full dilution (A/C) 2 | $ | 5.75 | $ | 8.48 | $ | 7.40 | ||||||
Shares outstanding as of December 31 (in millions) | 637.8 | 655.0 | 647.5 | |||||||||
1 | Profit attributable to common stockholders. |
2 | Diluted by assumed exercise of stock-based compensation awards using the treasury stock method. |