| EARNINGS PER SHARE INFORMATION |
EARNINGS PER SHARE INFORMATION | | | | | | | | | | | | | | | | | | | Three months ended June 30 | 2024 | | 2023 | | (Earnings for per-share calculation, shares in millions, per-share amounts in dollars) | Diluted | Basic | | Diluted | Basic | | Earnings (loss) from continuing operations | $ | 1,320 | | $ | 1,320 | | | $ | 1,254 | | $ | 1,254 | | | Preferred stock dividends and other(a) | — | | — | | | (58) | | (58) | | | | | | | | | | | | | | | Earnings (loss) from continuing operations attributable to common shareholders | 1,320 | | 1,320 | | | 1,195 | | 1,195 | | Earnings (loss) from discontinued operations | (54) | | (54) | | | (1,220) | | (1,220) | | | Net earnings (loss) attributable to common shareholders | 1,266 | | 1,266 | | | (25) | | (25) | | | | | | | | | Shares of common stock outstanding | 1,089 | | 1,089 | | | 1,089 | | 1,089 | | Employee compensation-related shares (including stock options) | 11 | | — | | | 10 | | — | | Total average equivalent shares | 1,100 | | 1,089 | | | 1,098 | | 1,089 | | | | | | | | | Earnings (loss) per share from continuing operations | $ | 1.20 | | $ | 1.21 | | | $ | 1.09 | | $ | 1.10 | | Earnings (loss) per share from discontinued operations | (0.05) | | (0.05) | | | (1.11) | | (1.12) | | Net earnings (loss) per share | 1.15 | | 1.16 | | | (0.02) | | (0.02) | | | | | | | | | Potentially dilutive securities(b) | 6 | | | | 28 | | |
| | | | | | | | | | | | | | | | | | | Six months ended June 30 | 2024 | | 2023 | | (Earnings for per-share calculation, shares in millions, per-share amounts in dollars) | Diluted | Basic | | Diluted | Basic | | Earnings (loss) from continuing operations | $ | 3,061 | | $ | 3,061 | | | $ | 7,951 | | $ | 7,958 | | | Preferred stock dividends and other(a) | — | | — | | | (204) | | (204) | | | | | | | | | | | | | | | Earnings (loss) from continuing operations attributable to common shareholders | 3,061 | | 3,061 | | | 7,747 | | 7,754 | | Earnings (loss) from discontinued operations | (256) | | (256) | | | (417) | | (417) | | | Net earnings (loss) attributable to common shareholders | 2,805 | | 2,805 | | | 7,330 | | 7,337 | | | | | | | | | Shares of common stock outstanding | 1,089 | | 1,089 | | | 1,089 | | 1,089 | | Employee compensation-related shares (including stock options) | 11 | | — | | | 9 | | — | | Total average equivalent shares | 1,100 | | 1,089 | | | 1,097 | | 1,089 | | | | | | | | | Earnings (loss) per share from continuing operations | $ | 2.78 | | $ | 2.81 | | | $ | 7.06 | | $ | 7.12 | | Earnings (loss) per share from discontinued operations | (0.23) | | (0.23) | | | (0.38) | | (0.38) | | Net earnings (loss) per share | 2.55 | | 2.58 | | | 6.68 | | 6.74 | | | | | | | | | Potentially dilutive securities(b) | 9 | | | | 33 | | |
(a) For the three and six months ended June 30, 2023, included $(30) million related to excise tax on preferred share redemptions. (b) Outstanding stock awards not included in the computation of diluted earnings per share because their effect was antidilutive.
Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and historically have been included in the calculation pursuant to the two-class method. For the three and six months ended June 30, 2024, such participating securities had an insignificant effect. Therefore, effective the second quarter of 2024, the Company calculates earnings per share using the treasury stock method. For the three and six months ended June 30, 2023, application of two-class method treatment had an insignificant effect.
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