v3.24.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
Note 6 – Earnings Per Share
Basic and diluted earnings per share were computed as follows:
Three Months Ended
September 30, 2024September 30, 2023
(Shares in thousands, dollars in millions, except per share amounts)BasicEffect of
Dilution		DilutedBasicEffect of
Dilution		Diluted
Shareholders' net income$739 $739 $1,408 $1,408 
Shares:
Weighted average278,457 278,457 294,058 294,058 
Common stock equivalents2,939 2,939 3,073 3,073 
Total shares278,457 2,939 281,396 294,058 3,073 297,131 
Earnings per share$2.65 $(0.02)$2.63 $4.79 $(0.05)$4.74 
Nine Months Ended
September 30, 2024September 30, 2023
(Shares in thousands, dollars in millions, except per share amounts)BasicEffect of
Dilution		DilutedBasicEffect of
Dilution		Diluted
Shareholders' net income
$2,010 $2,010 $4,135 $4,135 
Shares:
Weighted average282,005 282,005 294,752 294,752 
Common stock equivalents3,037 3,037 2,911 2,911 
Total shares282,005 3,037 285,042 294,752 2,911 297,663 
Earnings per share$7.13 $(0.08)$7.05 $14.03 $(0.14)$13.89 
The following outstanding employee stock options were not included in the computation of diluted earnings per share because their effect was anti-dilutive:
Three Months Ended September 30,Nine Months Ended September 30,
(In millions)2024202320242023
Anti-dilutive options0.8 0.9 1.0 0.9 
The Company held approximately 122.5 million shares of common stock in treasury at September 30, 2024, 107.4 million shares as of December 31, 2023 and 105.7 million shares as of September 30, 2023.

The increase in Treasury stock as of September 30, 2024 and the reduction in weighted average shares outstanding for the three and nine months ended September 30, 2024 was driven in part by 9.3 million shares of our common stock repurchased under the accelerated share repurchase agreements (the "ASR agreements"). See Note 8 for additional information.